Will the cap on gambling loss deduction be repealed? (Before Jan 1, 2029)

Kalshi Politics › Congress Closes Jan 1, 2029 · $77K traded · $28.5K at stake · prices read 16 min ago

The odds

49%Before Jan 1, 2029
  • Before Jan 1, 202719%
  • Before Apr 1, 202721%▲ 2
  • Before Sep 1, 202733%▲ 1
  • Before Jan 1, 202843%
  • Before Jan 1, 202949%▲ 2

How the odds have moved

Not enough history yet.

Each outcome's chance over time on Kalshi. The dots along the bottom are headlines about its subject: point at one to read it.

Every outcome

Outcome Chance Day Bid Ask Pays Contracts
Before Sep 1, 2026 1% $100.00 11.9K
Before Jan 1, 2027 19% 18¢ 20¢ $5.00 368.9K
Before Apr 1, 2027 21% ▲ 2 18¢ 24¢ $4.17 17.2K
Before Sep 1, 2027 33% ▲ 1 28¢ 38¢ $2.63 5.1K
Before Jan 1, 2028 43% 38¢ 47¢ $2.13 3.6K
Before Jan 1, 2029 49% ▲ 2 45¢ 52¢ $1.92

"Pays" is what a $1 stake returns if that outcome happens, at the price shown (before any fees). Bid and ask are the best prices to sell and buy "Yes".

The news

No recent headlines name this market's subject.

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Odds are traders' prices on Kalshi, Polymarket, ForecastEx and Crypto.com, not forecasts by 4Search. Prices read from the venues just now. Prices may be delayed. Money traded on Kalshi and ForecastEx is estimated from contracts. Not betting or investment advice.

Prediction-market prices are what traders pay for each outcome on Kalshi, Polymarket, ForecastEx and Crypto.com, read as the market's implied chance. They are not forecasts by 4Search, can move fast and can be wrong; they are read every few minutes and may be delayed. Money traded on Kalshi and ForecastEx is estimated from contracts at their price. News comes from the 4Search index; prices of stocks, rates and coins from 4Search Finance. Nothing here is betting, financial or investment advice. Terms of use.