{
  "_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-JXL1BSKPS9",
  "slug": "kxgamblingrepeal-26jan",
  "question": "Will the cap on gambling loss reduction be repealed?",
  "category": "politics",
  "event_type": "BINARY",
  "ladder_distribution": null,
  "tags": [
    "politics",
    "gambling-policy",
    "tax-legislation",
    "regulatory-change",
    "us-congress",
    "2026"
  ],
  "catalyst_types": [],
  "catalyst_dates": [],
  "editorial_notes": "These markets track whether Congress enacts legislation repealing or modifying the gambling loss deduction cap in the One Big Beautiful Bill Act. Both markets are structured as binary outcomes on Kalshi, resolved via Kalshi staff determination. One market asks whether such legislation passes before September 1, 2026; the other extends the window to January 2027. Both share the same directional binary structure but differ on their resolution deadlines.",
  "venues_covered": [
    "kalshi"
  ],
  "primary_market_id": "CM-MKT-KVMQGF8PQ2",
  "current_primary_mark": {
    "last_price": 0.17,
    "implied_probability": 0.17
  },
  "created_at": "2026-07-23T21:11:14.426158+00:00",
  "updated_at": "2026-07-23T21:11:14.426158+00:00",
  "markets": [
    {
      "market_id": "CM-MKT-L2LS2ZR1B8",
      "event_id": "CM-EVT-JXL1BSKPS9",
      "platform": "kalshi",
      "platform_market_id": "KXGAMBLINGREPEAL-26SEP01",
      "question": "Will bill that removes/changes the gambling tax provision in the One Big Beautiful Bill Act (\"OBBB\") becomes law before Sep 1, 2026?",
      "description": "Before Sep 1, 2026",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "Before Sep 1, 2026: Kalshi staff determination of whether legislation modifying the referenced provision becomes law by January 1, 2027, based on White House records and official legislative tracking.",
      "close_at": "2026-09-01T14:00:00Z",
      "resolve_at": "2026-09-01T14:00:00Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If bill that removes/changes the gambling tax provision in the One Big Beautiful Bill Act (\"OBBB\") becomes law before before Sep 1, 2026, then the market resolves to Yes.\n\n ",
        "arbitration_model": "kalshi_staff",
        "proposer": "platform_staff",
        "source": "White House",
        "source_status": "platform_named",
        "source_citation": "https://whitehouse.gov/",
        "sources": [
          {
            "name": "White House",
            "url": "https://whitehouse.gov/",
            "provenance": "platform_api"
          },
          {
            "name": "Library of Congress",
            "url": "https://congress.gov",
            "provenance": "platform_api"
          }
        ],
        "source_of_record": "Library of Congress",
        "source_mechanism": "single_authority",
        "source_type": null,
        "source_quality": "authoritative",
        "source_commitment": "named",
        "source_commitment_subtype": "named",
        "source_hedge_text": null
      },
      "rcg": {
        "grade": "A",
        "score": 90,
        "caps": [],
        "applied_factors": 6
      },
      "last_price": 0.02,
      "implied_probability": 0.02,
      "volume_24h_usd": 0,
      "volume_total_usd": 121.0326,
      "settlement_style": "touch",
      "direction": null,
      "threshold": null,
      "question_id": null,
      "also_on": null,
      "tags": [
        "gambling",
        "gambling loss reduction",
        "legislation",
        "obbb",
        "tax"
      ],
      "eligibility_screens": [
        {
          "regime": "ciro-26-0076",
          "screen_version": "v1",
          "status": "not_eligible",
          "reasons": [
            "category_not_permitted"
          ],
          "bucket": null,
          "screened_at": "2026-06-12"
        }
      ]
    },
    {
      "market_id": "CM-MKT-KVMQGF8PQ2",
      "event_id": "CM-EVT-JXL1BSKPS9",
      "platform": "kalshi",
      "platform_market_id": "KXGAMBLINGREPEAL-26JAN-27",
      "question": "Will bill that removes/changes the gambling tax provision in the One Big Beautiful Bill Act (\"OBBB\") becomes law before Jan 1, 2027?",
      "description": "Before 2027",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "Before 2027: Kalshi staff determination of whether legislation modifying the referenced provision becomes law by January 1, 2027, based on White House records and official legislative tracking.",
      "close_at": "2027-01-01T15:00:00Z",
      "resolve_at": "2027-01-01T15:00:00Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If bill that removes/changes the gambling tax provision in the One Big Beautiful Bill Act (\"OBBB\") becomes law before Jan 1, 2027, then the market resolves to Yes.",
        "arbitration_model": "kalshi_staff",
        "proposer": "platform_staff",
        "source": "White House",
        "source_status": "platform_named",
        "source_citation": "https://whitehouse.gov/",
        "sources": [
          {
            "name": "White House",
            "url": "https://whitehouse.gov/",
            "provenance": "platform_api"
          },
          {
            "name": "Library of Congress",
            "url": "https://congress.gov",
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        "source_of_record": "Library of Congress",
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        "source_type": null,
        "source_quality": "authoritative",
        "source_commitment": "named",
        "source_commitment_subtype": "named",
        "source_hedge_text": null
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      "rcg": {
        "grade": "A",
        "score": 90,
        "caps": [],
        "applied_factors": 6
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      "last_price": 0.17,
      "implied_probability": 0.17,
      "volume_24h_usd": 0,
      "volume_total_usd": 45513.6563,
      "settlement_style": "touch",
      "direction": null,
      "threshold": null,
      "question_id": null,
      "also_on": null,
      "tags": [
        "gambling",
        "gambling loss reduction",
        "legislation",
        "obbb",
        "tax"
      ],
      "eligibility_screens": [
        {
          "regime": "ciro-26-0076",
          "screen_version": "v1",
          "status": "not_eligible",
          "reasons": [
            "category_not_permitted"
          ],
          "bucket": null,
          "screened_at": "2026-06-12"
        }
      ]
    }
  ],
  "resolution_log": [],
  "_provenance": {
    "source": "clearmarket.fyi",
    "ref": "CM-EVT-JXL1BSKPS9",
    "terms": "Attribution required. clearmarket.fyi"
  }
}