Will the federal gas tax be suspended by November 2, 2026?
Probability
41¢
1h
+0.5pp
24h
+1.0pp
24h Vol
$237.97
Liquidity
$5.1K
Canonical status
confidence: highSource status (Polymarket)
Derived status (Orrery)
Reason
Active market, expiry beyond the near-expiry window.
Resolution & Risk
LOW risk- End date
- Nov 2, 2026
- UMA status
- n/a
- Resolution source
- PrimaryOfficial government informationLinkTypeOfficial government sourceConfidenceextracted · high
- Market type
- Binary
- Wide spread (6.0¢) — liquidity risk on entry/exit.
Probability (last 7 days)
+0.0pp 7dWhy did it move?
Structured · 2 factors- 01Price move
Up 1pp over 24h
Now 41¢; +0.5pp in the last hour.
- 02Spread cost
Wide spread — 6.0¢
Bid-ask spread is wide enough that intraday moves overstate any tradeable advantage. Most of the headline pp move would be eaten by spread on a market order.
What to track next
- Set an alert at the next ±5pp probability move so you find out before the next leg.
- Add to your watchlist — Home will show probability deltas since your last visit.
- Compare against sibling markets in the same event below — divergent pricing across related contracts is the cleanest tell.
Verification actions only — never trade recommendations.
Each factor is grounded in a single named metric you can verify on this page — probability, volume, liquidity, signal, resolution state. No predictions, no prose hallucinations.
Resolution & Risk
LOW risk- End date
- Nov 2, 2026
- UMA status
- n/a
- Resolution source
- PrimaryOfficial government informationLinkTypeOfficial government sourceConfidenceextracted · high
- Market type
- Binary
- Wide spread (6.0¢) — liquidity risk on entry/exit.
Timeline
critical · price · trade flowCritical
- Nov 2, 00:00 UTCScheduled resolutionLOW
Market resolves in 4019.2h
Price movement
+1.0pp over the last 24h, now 41¢.
Biggest hourly move: -21.5pp at May 15, 17:00 UTC (to 39¢).
Show top 8 of 31 hourly moves
- May 16, 09:00 UTC · +11.0pp → 40¢
- May 16, 03:00 UTC · -12.0pp → 41¢
- May 15, 21:00 UTC · -14.0pp → 41¢
- May 15, 20:00 UTC · -15.0pp → 40¢
- May 15, 18:00 UTC · -19.0pp → 39¢
- May 15, 17:00 UTC · -21.5pp → 39¢
- May 15, 08:00 UTC · -13.5pp → 39¢
- May 15, 06:00 UTC · -14.0pp → 39¢
Recent Trades
No recent trades visible from the Data API for this market. That usually means liquidity is thin or this market is between event windows.
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Market Description
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 expire will not qualify. The primary resolution sources for this market will be Congress.gov’s legislation tracker (https://www.congress.gov/bill/119th-congress/house-bill/22), the Library of Congress (congress.gov), and other official information from the government of the United States; however, a consensus of credible reporting may also be used.
Why this category?
confidence: highCategory
Source
Matched term
signed into lawReason
Legislation signed into law — Politics.
Categories come from a deterministic engine: manual overrides (highest priority) → sports hard markers → event-tag rules → keyword rules → Gamma category hint → default. The engine is versioned in category-overrides.ts; methodology lives at /methodology.
FAQ — questions readers actually ask
What is the current Polymarket probability for "Will the federal gas tax be suspended by November 2, 2026?"?
As of Mon, 18 May 2026 12:47:00 GMT, YES is priced at 41% implied probability on Polymarket. The price changed +1.0pp in the last 24 hours, +0.5pp in the last hour, and +0.0pp in the last 7 days.
When does this market resolve?
This market resolves by Nov 2, 2026 (2026-11-02T00:00:00.000Z). Resolution is determined from the market description on Polymarket.
What source determines the outcome?
Resolution is sourced from the market description on Polymarket. Polymarket's UMA optimistic oracle is the final settlement layer; if the published source is ambiguous, UMA tokenholders adjudicate. Source-extraction confidence is shown in the Resolution & Risk block above.
How much is being traded on this market?
$237.97 of trading volume in the last 24 hours. Lifetime volume on Polymarket: $1.9K. Open liquidity in the YES/NO orderbooks: $5.1K. Spread between best bid and best ask: 6.0¢.
Is this a trade recommendation?
No. Orrery describes — never predicts. Every signal on this market carries explicit Evidence, Backtest, and Action tiers. The Action is always one of: Watch only, Inspect timeline, Create alert, Verify source, or Ignore — never Buy or Sell. The probability above is the market's collective implied probability, not a forecast Orrery is publishing.
How fresh is this data and where does it come from?
This page revalidates from the public Polymarket APIs every 30 seconds. Probability and 24h-change come from Gamma; the chart series comes from the CLOB orderbook history; trade and holder data come from the Data API. The fetched-at timestamp on each block tells you exactly how old the underlying upstream pull was.
Alerts
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