The "gambling winnings tax", a U.S. tax invoked in President Trump's Big Beautiful Bill, has already made a big impact on the gambling scene in 2026.
The tax works by capping the percentage of a gambler's losses that can be deducted from their winnings at 90%, thereby allowing the government to charge a bigger tax on winnings. Naturally, both gamblers and large companies would like to see this section of the bill repealed
Prediction market Kalshi has odds posted for when the "gambling winnings tax" could be repealed, with current odds forecasting that it will stay in place at least past April of 2026.
You can trade on this and other political and news events, as well as thousands of other markets, at Kalshi, which is available in all 50 states. We wrote a full explainer on how it works here.
For more information on the tax and its critics, read our article here.
Gambling Tax Repeal Predictions, Odds
Odds are via Kalshi and update every hour.
