Will the US implement some form of capital control by 2029?
Will the US implement some form of capital control by 2029?
49
Ṁ8247
2030
31%
chance

Resolution Criteria

This market resolves to YES if, at any point before January 1, 2029, the United States federal government implements any form of capital control that significantly restricts the free flow of capital into or out of the country, with the following specifications:

What WOULD count for YES resolution:

  • Broad-based restrictions on U.S. citizens or residents transferring money abroad (e.g., annual limits on total foreign transfers per person)

  • General limits on foreign investment in U.S. assets that apply to multiple countries or regions

  • Mandatory approval processes for capital outflows above a certain threshold that apply universally

  • New taxes or fees specifically designed to discourage capital movement across borders (e.g., a "Tobin tax" on financial transactions)

  • Restrictions on currency conversion for U.S. citizens or residents

  • Implementation of a dual exchange rate system

  • Mandatory repatriation of foreign earnings by U.S. corporations

  • Restrictions on Americans purchasing foreign securities

What would NOT count for YES resolution:

  • Targeted sanctions against specific countries (e.g., restrictions on investment in Russia, Iran, etc.)

  • Sanctions against individual entities or persons

  • Enhanced reporting requirements that don't actually restrict capital movement

  • Anti-money laundering or anti-terrorism financing measures

  • National security reviews of foreign investment (like CFIUS) unless substantially expanded to cover most capital flows

  • Country-specific restrictions affecting fewer than 10 countries, unless those countries collectively represent more than 50% of global GDP

  • Temporary emergency measures lasting less than 10 days

The capital controls must be implemented by executive order, legislation, or formal regulation by a federal agency with appropriate authority, not merely proposed or under consideration. The market resolves to NO if no qualifying capital controls as described above are implemented by the end of December 31, 2028.

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Temporarily closing trading to get ahead of "One, Big, Beautiful Bill."
It includes a proposed 5% tax on foreign remittance with a tax credit for citizens only.

This means a legal resident or visa holder would pay for transferring capital out of the country.

Highlighting two criteria listed above:
- "Broad-based restrictions on U.S. citizens or residents transferring money abroad (e.g., annual limits on total foreign transfers per person)
- "New taxes or fees specifically designed to discourage capital movement across borders (e.g., a "Tobin tax" on financial transactions)"

If the bill is passed as written, this would count as capital control according to the letter of the market.

Given the lack of movement in this market, even if the news is ~1 day old, I want to open up the floor for discussion before resuming trading.

1d

@traders Planning to re-open trading tomorrow at noon Pacific time.

22d

Added 4K liquidity subsidy

opened a Ṁ5,000 YES at 31% order22d

5K YES limit order @ 31%

bought Ṁ25 NO2mo

Currently 44% - that feels shockingly high to me for an unprecedented event, but maybe I'm missing something. Can someone describe an example scenario of how this could play out?

2mo

@pds To me too! Maybe @MichaelBlume can explain, he's by far the biggest YES holder.

2mo
22d

@Kingfisher Doesn't seem that crazy anymore after the tariffs, does it?

2mo

Does the replacement of the EB-5 visa with the new Gold Card program count?

2mo
2mo

Doomer in chief @Rachell

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