Will the cap on gambling loss deduction be repealed?
As of Tue, 20 Oct 2026 02:51:05 UTC, Kalshi traders price Before Jan 1, 2029 (49.0%), Before Jan 1, 2028 (43.0%), Before Sep 1, 2027 (26.0%). The market has $3.2M in volume and closes on Fri, 01 Jan 2027.
Updated:
Current odds
| Outcome | Chance | Yes price | No price |
|---|---|---|---|
| Before Jan 1, 2029 | 49.0% | 49.0¢ | 51.0¢ |
| Before Jan 1, 2028 | 43.0% | 43.0¢ | 57.0¢ |
| Before Sep 1, 2027 | 26.0% | 26.0¢ | 74.0¢ |
| Before Apr 1, 2027 | 21.0% | 21.0¢ | 79.0¢ |
| Before Jan 1, 2027 | 16.0% | 16.0¢ | 84.0¢ |
Market details
- Venue: Kalshi
- Volume: $3.2M
- Liquidity: $3.2M
- Closes:
Resolution rules
Each outcome is a separate contract with its own rules. The rules for Before Jan 1, 2029:
If a bill that removes/changes the gambling tax provision in the One Big Beautiful Bill Act ("OBBB") has become law after Issuance and before Jan 1, 2029, then the market resolves to Yes.
Sources
Related markets
- Will the SAVE Act become law?
- Will the Clarity Act become law?
- Will the SAVE America Act become law?
- Will Mitch McConnell resign his office before the midterms?
- Will the ACA premium tax credits be extended?
- Will Trump create a $250 bill featuring himself?
DOXA is a liquidity aggregator for prediction markets that compares odds and depth across Polymarket, Kalshi and others and routes each trade for best execution with an AI assistant.