Cap on gambling loss deductions repealed before 2027 odds
Polymarket traders put the chance of Yes at 28% and No at 72% for “Cap on gambling loss deductions repealed before 2027” (Yes −5.5 pts in the last 24 hours).
Prices refresh every few minutes. Probabilities are not predictions or advice, and you can lose what you trade.
Chance of Yes over the last 30 days
Price of a Yes share.
Yes and No odds
Probability is the share price. Decimal odds show what $1 returns if that outcome wins, before fees. American odds show the same price as a moneyline: +150 pays $150 on a $100 stake, −200 needs $200 to win $100.
Odds as of
- Yes28%28%24h −5.5 ptsOdds 3.57US +257Trade on Polymarket (affiliate link)
- No72%72%24h +5.5 ptsOdds 1.39US −257Trade on Polymarket (affiliate link)
Where this market stands
“Cap on gambling loss deductions repealed before 2027” is a Polymarket market with two outcomes. Yes is priced at 28% and No at 72%; Yes is down 5.5 points over the last 24 hours and down 4.5 points over the past week. Traders have put $73K through the market so far, including $15 in the last 24 hours, and it is scheduled to end on January 1, 2027.
Whale trades in this market
The latest trades of $1,000 or more on this event, newest first.
No trades of $1,000 or more on this market recently.
How this market resolves
This market will resolve to "Yes" if the 90% cap on gambling loss deductions enacted in the 2025 "Big Beautiful Bill" is fully repealed by December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to "No".
To qualify as a repeal, the cap must be entirely remove any cap limiting gambling loss deductions to below 100%.
Modifications—such as increasing the limit, delaying implementation or changing how it is calculated will not qualify.
The resolution source for this market will be a consensus of credible reporting.
Rules are written by Polymarket and shown as published. WhaleSays does not settle markets.
Common questions
New to this? Our guide covers how to make your first trade.
- Cap on gambling loss deductions repealed before 2027?
- Polymarket currently prices Yes at 28% (decimal odds 3.57, American +257) and No at 72% (decimal odds 1.39, American −257). The price of a Yes share is the market's implied probability that this happens.
- When does this market close?
- The listed end date is January 1, 2027. Read the resolution rules on this page to see what counts and who decides.
