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Updated November 7, 2026 · Category: Politics & Elections · Market end date: January 1, 2027
As of November 7, 2026 at 00:50 UTC, Polymarket traders price Yes at 19.5% (No 80.5%), with $74.2K traded in total and $9 in the last 24 hours.
| Outcome | Probability | 24h change | Volume |
|---|---|---|---|
| Yes | 19.5% | -1.0 pts | $74.2K |
| No | 80.5% | +1.0 pts | — |
Total volume $74.2K · 24h volume $9 · Liquidity $352. Prices are Polymarket YES-share prices read as probabilities; they are not executable quotes.
■ Yes ■ No · 30-day price history (12-hour points)
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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will resolve to "Yes" if the 90% cap on gambling loss deductions enacted in the 2025 "Big Beautiful Bill" is fully repealed by December 31, 2026, 11:59 PM ET.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.
Summary of the market's published rules. The rules on Polymarket control settlement; check them there before relying on any outcome: open this market on Polymarket.
More odds by topic: Politics odds
As of November 7, 2026 at 00:50 UTC, Polymarket traders price Yes at 19.5% (No 80.5%), with $74.2K traded in total and $9 in the last 24 hours.
The event's listed end date is January 1, 2027. Each outcome settles under the market's written rules, summarized on this page, which can differ from the end-date field.
They are the displayed prices of each outcome's YES share on Polymarket. A price of 60¢ implies roughly a 60% chance. This page refreshes the numbers twice a day, so they are not live quotes.
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