California voters will decide Proposition 40, a one-time 5% wealth tax on residents worth over $1 billion as of January 1, 2026, on the November 3 ballot. The measure qualified after a labor union gathered sufficient signatures and negotiations to withdraw it collapsed. It faces coordinated opposition from Governor Gavin Newsom, multiple industry groups, and rival ballot measures funded by affected billionaires that would nullify the tax or restrict its revenue mechanisms even if approved. A mid-September Public Policy Institute of California poll showed 52% support for the tax amid narrow leads for the opposing propositions, while opponents have already committed tens of millions to advertising. These factors, combined with historical resistance to targeted wealth levies and risks of out-migration or legal challenges, underpin trader expectations that the tax will not pass.
Eksperimental na AI-generated summary na nire-reference ang Polymarket data. Hindi ito trading advice at wala itong papel sa kung paano nire-resolve ang market na ito. · Na-updateOo
26% tsansa
$3,793,456 Vol.
$3,793,456 Vol.
Jun 25, 2026
Oo
26% tsansa
$3,793,456 Vol.
$3,793,456 Vol.
Jun 25, 2026
A one-time wealth tax on billionaires has been proposed to potentially appear on California's ballot for the November 3, 2026 general election. You can read more about that here: https://6abc.com/post/california-union-proposes-taxing-billionaires-offset-medicaid-cuts-low-income-people/18066430/
This market will resolve to "Yes" if any proposition containing a one-time tax targeting individuals, households, or family units with wealth, assets, or net worth of at least $1 billion (USD or equivalent) passes in the named election. Otherwise, this market will resolve to "No".
If no qualifying ballot initiative is certified to appear on the official statewide California ballot as a proposition to be voted on in the stated election by June 25, 2026, 11:59 PM ET (the official cutoff date for new initiatives to be approved), or if all qualifying propositions/initiatives are removed from the ballot or amended before the election such that the main threshold drops below $1 billion, this market will resolve "No".
The primary resolution source for this market will be official information from the Government of the State of California, however a consensus of credible reporting may also be used.California voters will decide Proposition 40, a one-time 5% wealth tax on residents worth over $1 billion as of January 1, 2026, on the November 3 ballot. The measure qualified after a labor union gathered sufficient signatures and negotiations to withdraw it collapsed. It faces coordinated opposition from Governor Gavin Newsom, multiple industry groups, and rival ballot measures funded by affected billionaires that would nullify the tax or restrict its revenue mechanisms even if approved. A mid-September Public Policy Institute of California poll showed 52% support for the tax amid narrow leads for the opposing propositions, while opponents have already committed tens of millions to advertising. These factors, combined with historical resistance to targeted wealth levies and risks of out-migration or legal challenges, underpin trader expectations that the tax will not pass.
A one-time wealth tax on billionaires has been proposed to potentially appear on California's ballot for the November 3, 2026 general election. You can read more about that here: https://6abc.com/post/california-union-proposes-taxing-billionaires-offset-medicaid-cuts-low-income-people/18066430/
This market will resolve to "Yes" if any proposition containing a one-time tax targeting individuals, households, or family units with wealth, assets, or net worth of at least $1 billion (USD or equivalent) passes in the named election. Otherwise, this market will resolve to "No".
If no qualifying ballot initiative is certified to appear on the official statewide California ballot as a proposition to be voted on in the stated election by June 25, 2026, 11:59 PM ET (the official cutoff date for new initiatives to be approved), or if all qualifying propositions/initiatives are removed from the ballot or amended before the election such that the main threshold drops below $1 billion, this market will resolve "No".
The primary resolution source for this market will be official information from the Government of the State of California, however a consensus of credible reporting may also be used.
This market will resolve to "Yes" if any proposition containing a one-time tax targeting individuals, households, or family units with wealth, assets, or net worth of at least $1 billion (USD or equivalent) passes in the named election. Otherwise, this market will resolve to "No".
If no qualifying ballot initiative is certified to appear on the official statewide California ballot as a proposition to be voted on in the stated election by June 25, 2026, 11:59 PM ET (the official cutoff date for new initiatives to be approved), or if all qualifying propositions/initiatives are removed from the ballot or amended before the election such that the main threshold drops below $1 billion, this market will resolve "No".
The primary resolution source for this market will be official information from the Government of the State of California, however a consensus of credible reporting may also be used.
Binuksan ang Market: Oct 24, 2025, 3:48 PM ET
Volume
$3,793,456Petsa ng Pagtatapos
Jun 26, 2026Binuksan ang Market
Oct 24, 2025, 3:48 PM ETResolver
0x65070BE91...A one-time wealth tax on billionaires has been proposed to potentially appear on California's ballot for the November 3, 2026 general election. You can read more about that here: https://6abc.com/post/california-union-proposes-taxing-billionaires-offset-medicaid-cuts-low-income-people/18066430/
This market will resolve to "Yes" if any proposition containing a one-time tax targeting individuals, households, or family units with wealth, assets, or net worth of at least $1 billion (USD or equivalent) passes in the named election. Otherwise, this market will resolve to "No".
If no qualifying ballot initiative is certified to appear on the official statewide California ballot as a proposition to be voted on in the stated election by June 25, 2026, 11:59 PM ET (the official cutoff date for new initiatives to be approved), or if all qualifying propositions/initiatives are removed from the ballot or amended before the election such that the main threshold drops below $1 billion, this market will resolve "No".
The primary resolution source for this market will be official information from the Government of the State of California, however a consensus of credible reporting may also be used.California voters will decide Proposition 40, a one-time 5% wealth tax on residents worth over $1 billion as of January 1, 2026, on the November 3 ballot. The measure qualified after a labor union gathered sufficient signatures and negotiations to withdraw it collapsed. It faces coordinated opposition from Governor Gavin Newsom, multiple industry groups, and rival ballot measures funded by affected billionaires that would nullify the tax or restrict its revenue mechanisms even if approved. A mid-September Public Policy Institute of California poll showed 52% support for the tax amid narrow leads for the opposing propositions, while opponents have already committed tens of millions to advertising. These factors, combined with historical resistance to targeted wealth levies and risks of out-migration or legal challenges, underpin trader expectations that the tax will not pass.
A one-time wealth tax on billionaires has been proposed to potentially appear on California's ballot for the November 3, 2026 general election. You can read more about that here: https://6abc.com/post/california-union-proposes-taxing-billionaires-offset-medicaid-cuts-low-income-people/18066430/
This market will resolve to "Yes" if any proposition containing a one-time tax targeting individuals, households, or family units with wealth, assets, or net worth of at least $1 billion (USD or equivalent) passes in the named election. Otherwise, this market will resolve to "No".
If no qualifying ballot initiative is certified to appear on the official statewide California ballot as a proposition to be voted on in the stated election by June 25, 2026, 11:59 PM ET (the official cutoff date for new initiatives to be approved), or if all qualifying propositions/initiatives are removed from the ballot or amended before the election such that the main threshold drops below $1 billion, this market will resolve "No".
The primary resolution source for this market will be official information from the Government of the State of California, however a consensus of credible reporting may also be used.
This market will resolve to "Yes" if any proposition containing a one-time tax targeting individuals, households, or family units with wealth, assets, or net worth of at least $1 billion (USD or equivalent) passes in the named election. Otherwise, this market will resolve to "No".
If no qualifying ballot initiative is certified to appear on the official statewide California ballot as a proposition to be voted on in the stated election by June 25, 2026, 11:59 PM ET (the official cutoff date for new initiatives to be approved), or if all qualifying propositions/initiatives are removed from the ballot or amended before the election such that the main threshold drops below $1 billion, this market will resolve "No".
The primary resolution source for this market will be official information from the Government of the State of California, however a consensus of credible reporting may also be used.
Volume
$3,793,456Petsa ng Pagtatapos
Jun 26, 2026Binuksan ang Market
Oct 24, 2025, 3:48 PM ETResolver
0x65070BE91...California voters will decide Proposition 40, a one-time 5% wealth tax on residents worth over $1 billion as of January 1, 2026, on the November 3 ballot. The measure qualified after a labor union gathered sufficient signatures and negotiations to withdraw it collapsed. It faces coordinated opposition from Governor Gavin Newsom, multiple industry groups, and rival ballot measures funded by affected billionaires that would nullify the tax or restrict its revenue mechanisms even if approved. A mid-September Public Policy Institute of California poll showed 52% support for the tax amid narrow leads for the opposing propositions, while opponents have already committed tens of millions to advertising. These factors, combined with historical resistance to targeted wealth levies and risks of out-migration or legal challenges, underpin trader expectations that the tax will not pass.
Eksperimental na AI-generated summary na nire-reference ang Polymarket data. Hindi ito trading advice at wala itong papel sa kung paano nire-resolve ang market na ito. · Na-update
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