IRS: Sports Contracts 90% Loss Cap?

Name: Will the IRS or U.S. Department of the Treasury publish formal guidance by April 15, 2027, 11:59 PM ET, classifying losses from CFTC-regulated sports event contracts as subject to the 90% loss cap under Section 165(d) of the Internal Revenue Code, as amended by the One Big Beautiful Bill Act (Public Law 119-21)?
Start: 2026-06-01T20:30:10.370Z
End: 2027-04-16T04:00:00.000Z

Will the IRS or U.S. Department of the Treasury publish formal guidance by April 15, 2027, 11:59 PM ET, classifying losses from CFTC-regulated sports event contracts as subject to the 90% loss cap under Section 165(d) of the Internal Revenue Code, as amended by the One Big Beautiful Bill Act (Public Law 119-21)?

External market source

ACTIVE

YES11%

NO89%

Closes Apr 16, 2027, 12:00 AM ET