{
  "_notice": {
    "type": "free_key_offer",
    "message": "Free and anonymous access is staying. If this endpoint is in your pipeline, a free key adds advance notice before any schema change or deprecation. POST /v1/keys {\"email\": \"you@firm.com\"} — nothing else required. Something broken or missing? hello@clearmarket.fyi reaches a human.",
    "docs": "https://clearmarket.fyi/for-data/",
    "policy": "This field is additive and its shape will not change."
  },
  "event_id": "CM-EVT-PNWDXTG0G1",
  "slug": "cap-on-gambling-loss-deductions-repealed-before-2027",
  "question": "Will the cap on gambling loss deductions be repealed before 2027?",
  "category": "politics",
  "event_type": "BINARY",
  "ladder_distribution": null,
  "tags": [
    "politics",
    "tax-policy",
    "us-congress",
    "gambling-regulation",
    "2026",
    "legislative-action"
  ],
  "catalyst_types": [],
  "catalyst_dates": [],
  "editorial_notes": "This market tracks whether Congress fully repeals the 90% cap on gambling loss deductions enacted in the 2025 Big Beautiful Bill before January 1, 2027. Resolution relies on Polymarket's UMA Optimistic Oracle interpreting credible news reporting on legislative action. The binary structure prices outcome only; no platform here prices the degree or partial rollback of the cap. Traders should note ambiguity in what constitutes \"full repeal\" versus modification.",
  "venues_covered": [
    "polymarket"
  ],
  "primary_market_id": "CM-MKT-6DN7R66358",
  "current_primary_mark": {
    "last_price": 0.13,
    "implied_probability": 0.13
  },
  "created_at": "2026-06-03T14:52:43.794845+00:00",
  "updated_at": "2026-06-03T14:52:43.794845+00:00",
  "markets": [
    {
      "market_id": "CM-MKT-6DN7R66358",
      "event_id": "CM-EVT-PNWDXTG0G1",
      "platform": "polymarket",
      "platform_market_id": "0x53df5241badaf209246d9f7df107ff37fe439d626a4c62c7f2cbd608c8541292",
      "question": "Cap on gambling loss deductions repealed before 2027?",
      "description": "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will resolve to \"Yes\" if the 90% cap on gambling loss deductions enacted in the 2025 \"Big Beautiful Bill\" is fully repealed by December 31, 2026, 11:59 PM ET.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\".\n\nTo qualify as a repeal, the cap must be entirely remove any cap limiting gambling loss deductions to below 100%.\n\nModifications—such as increasing the limit, delaying implementation or changing how it is calculated will not qualify.\n\nThe resolution source for this market will be a consensus of credible reporting. ",
      "contract_type": "binary",
      "settlement_currency": "USDC",
      "underlying_reference": "Credible news reporting on whether the 90% cap on gambling loss deductions from the 2025 \"Big Beautiful Bill\" is fully repealed by December 31, 2026.",
      "close_at": "2026-12-31T00:00:00Z",
      "resolve_at": "2026-12-31T00:00:00Z",
      "status": "open",
      "resolution": {
        "rules_raw": "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\".\n\nTo qualify as a repeal, the cap must be entirely remove any cap limiting gambling loss deductions to below 100%.\n\nModifications—such as increasing the limit, delaying implementation or changing how it is calculated will not qualify.\n\nThe resolution source for this market will be a consensus of credible reporting. ",
        "arbitration_model": "uma_oracle",
        "proposer": "managed_whitelist",
        "source": null,
        "source_status": "no_committed_source",
        "source_citation": null,
        "sources": null,
        "source_of_record": null,
        "source_mechanism": null,
        "source_type": null,
        "source_quality": null,
        "source_commitment": "uncommitted",
        "source_commitment_subtype": "uncommitted_illustrative",
        "source_hedge_text": null
      },
      "rcg": {
        "grade": "C",
        "score": 38,
        "caps": [
          "multi_source_no_conflict_rule",
          "uncommitted_illustrative"
        ],
        "applied_factors": 7
      },
      "last_price": 0.13,
      "implied_probability": 0.13,
      "volume_24h_usd": 0,
      "volume_total_usd": 71000.70533900002,
      "settlement_style": "occurrence",
      "direction": "occurrence",
      "threshold": null,
      "question_id": null,
      "also_on": null,
      "tags": [
        "deductions",
        "gambling",
        "legislation",
        "us gambling loss",
        "us-tax"
      ],
      "eligibility_screens": null
    }
  ],
  "resolution_log": [],
  "_provenance": {
    "source": "clearmarket.fyi",
    "ref": "CM-EVT-PNWDXTG0G1",
    "terms": "Attribution required. clearmarket.fyi"
  }
}