Betting
The Gambling Tax Fix Passed Committee 38-5. The Market Still Says It Probably Doesn't Happen.
Ways and Means advanced the repeal of the 90% loss-deduction cap on Wednesday, buried on page 95 of a 98-page crypto bill. Kalshi prices it at 32 cents and Polymarket at 20 — and the eleven-point gap between them is not a disagreement about Congress. It is a disagreement about what the word "repeal" means.
Priya Natarajan · 12h ago · 6 min
