This market will resolve YES if 100% loss deduction from gambling winnings becomes law. Any US federal law that restores the 100% loss deduction from gambling winnings will resolve this market YES.

All other provisions of the FAIR BET act are irrelevant to this market.

This market will resolve NO if 100% loss deduction from gambling winnings does not become law before January 1, 2026.

The close date of the market is related to the relevant OBBB provision that takes effect on January 1, 2026. The relevant text of the bill is included here.