Will the federal gas tax be suspended by November 2, 2026?
What resolves this contract
On May 11, 2026, Trump proposed suspending the federal gas tax. This market will resolve to "Yes" if legislation that would, at least temporarily, suspend the federal excise tax on gasoline is passed by both chambers of the U.S. Congress and signed into law by the specified date (ET). Otherwise, this market will resolve to "No". Qualifying legislation may include joint resolutions and must pass both the House and the Senate, and must be signed by the President, become law without signature while Congress remains in session, or become law through veto override. Presidential pocket vetoes that
How to read the price
Prediction market prices are expressed in cents on the dollar. A YES contract trading at 19¢ means the market is pricing in a 19.5% implied probability of the event resolving YES. If resolution comes back YES, the contract pays $1. If NO, it pays $0.
Volume vs. open interest
Total traded volume ($9,622) reflects every buy and sell across the life of this contract. Open interest ($11,801) is the dollar value of positions currently held by traders. Deep liquidity and wide open interest are the two signals that the quoted price is reliable.
Where to trade this market
This contract is listed on Polymarket. PicksByOdds does not accept deposits, execute trades, or offer brokerage. We publish the data; you decide what to do with it.
Markets in the same story
| Market | YES | Volume |
|---|---|---|
| Will Crude Oil reach a new all-time high by September 30? | 3¢ | $999,720 |
| Will Samuel Alito announce his retirement by September 30, 2026? | 2¢ | $985,889 |
| Will Lovable be acquired before 2027? | 17¢ | $977,958 |
Common questions about this market
How is this market resolved?
On May 11, 2026, Trump proposed suspending the federal gas tax. This market will resolve to "Yes" if legislation that would, at least temporarily, suspend the federal excise tax on gasoline is passed by both chambers of the U.S. Congress and signed into law by the specified date (ET). Otherwise, this market will resolve to "No". Qualifying legislation may include joint resolutions and must pass both the House and the Senate, and must be signed by the President, become law without signature while Congress remains in session, or become law through veto override. Presidential pocket vetoes that
When does this contract expire?
This contract closes on 2026-11-02, 81 days from now. After close, the final outcome is determined per the resolution rules above, and contracts settle at $1 (winning side) or $0 (losing side).
What happens if I buy YES at 19¢?
If the event resolves YES, each YES contract pays $1 , a profit of 80¢ per dollar risked. If it resolves NO, the contract pays $0 and the full 19¢ is lost. Current market price implies a 19.5% probability of YES.
Where is this market listed?
This contract is listed on Polymarket. PicksByOdds aggregates and displays public market data; we do not broker trades or custody funds.
How reliable is the quoted price?
This market has $9,622 in total traded volume and $11,801 in open interest. Deeper liquidity generally means tighter spreads and more reliable implied probabilities. Prices refresh multiple times per day.