**Alaska Ballot Measure 3**, an indirect initiated statute on the November 3, 2026 general election ballot, would amend state law to state that only U.S. citizens may vote. Current statute already requires citizenship, so the change is largely a wording clarification from “A person may vote... who is a citizen” to “Only a person who is a citizen... may vote.” The measure qualified after organizers collected more than the required signatures and faced no major organized opposition or legislative substitute. National debates over noncitizen voting in other jurisdictions and isolated Alaska cases of alleged improper registrations have reinforced voter emphasis on explicit citizenship rules. With the vote one month away and broad bipartisan agreement that noncitizens should not vote in state or federal elections, trader pricing reflects the expectation of straightforward passage.