Moving
Milwaukee vs Oklahoma City Milwaukee 97% ▲+72Dellavedova vs Chiu Matthew Dellavedova 96% ▲+48Phoenix vs Chicago Phoenix 8.5% ▼−47Critics Choice Awards: Best Foreign Language Film All of a Sudden 46% ▲+45Mushika vs Sato Mio Mushika 87% ▲+38Game 3: Tampa Bay vs New York Y Tampa Bay 73% ▲+33OpenRouter token usage in Oct 5–11 Above 166 T tokens 43% ▲+28Philadelphia: Next Manager Don Mattingly 29% ▲+28Nobel Prize in Literature: 2026 Cristina Rivera Garza 38% ▲+27Game 2: Las Vegas vs Golden State Golden State 80% ▲+27Las Vegas Aces vs. Golden State Valkyries Golden State Valkyries 80% ▲+26New Mexico State vs. Florida International Florida International 95% ▲+26Bai vs Jones Emerson Jones 85% ▲+26Chen vs Yang Anna Yang 78% ▲+26
KalshiCloses January 1, 2027

Will the cap on gambling loss deduction be repealed?

Before Jan 1, 2028 leads at 48% (about 5 in ten) on Kalshi, as of Oct 8, 02:37 UTC. It's down 4 points in the last 24 hours.

The odds

as of Oct 8, 02:37 UTC
  • Before Jan 1, 2028 48% −4
  • Before Sep 1, 2027 41% —
  • Before April 1, 2027 20% —
  • Before 2027 18% −2
  • Before Sep 1, 2026 1% —

Each outcome here is its own yes/no question, so the chances don't add up to 100%.

Traded today$1K
Traded in all$405K
Favourite, 7 days+6.5 pts

Before Jan 1, 2028, the last 7 days

Kalshi price
25%50%75%Sep 30Oct 843%

Oct 1: 42% · Oct 2: 46% · Oct 3: 48% · Oct 4: 48% · Oct 5: 49% · Oct 6: 49% · Oct 7: 44% · Oct 8: 43%

How it resolves

Kalshi's rule, word for word
(Each outcome is its own contract. This is the rule for the favourite, Before Jan 1, 2028; the others read the same way with their own outcome.) 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, 2028, then the market resolves to Yes.

Settlement sources: Library of Congress

See it on Kalshi ↗

Politics & elections

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