**California’s Proposition 40, a one-time 5% wealth tax on residents with net worth above roughly $1.1 billion, qualified for the November 3, 2026 ballot after labor union backers gathered sufficient signatures and rejected last-minute compromise offers.** Two competing “poison pill” measures, heavily funded by billionaires including Sergey Brin, would nullify the tax if they receive more votes. Recent August polling shows support hovering near 44–48% with 41–47% opposed, split sharply along partisan lines, while opposition groups have raised tens of millions for advertising. Governor Gavin Newsom and several major organizations have publicly opposed the initiative, citing risks of resident and business departures that could reduce future revenue. These factors—ballot complexity, organized spending, and uncertain voter support—underpin traders’ current assessment that passage remains unlikely.
Experimentelle KI-generierte Zusammenfassung mit Polymarket-Daten. Dies ist keine Handelsberatung und spielt keine Rolle bei der Auflösung dieses Marktes. · AktualisiertJa
31% Chance
$3,723,862 Vol.
$3,723,862 Vol.
2. Nov. 2026
Ja
31% Chance
$3,723,862 Vol.
$3,723,862 Vol.
2. Nov. 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’s Proposition 40, a one-time 5% wealth tax on residents with net worth above roughly $1.1 billion, qualified for the November 3, 2026 ballot after labor union backers gathered sufficient signatures and rejected last-minute compromise offers.** Two competing “poison pill” measures, heavily funded by billionaires including Sergey Brin, would nullify the tax if they receive more votes. Recent August polling shows support hovering near 44–48% with 41–47% opposed, split sharply along partisan lines, while opposition groups have raised tens of millions for advertising. Governor Gavin Newsom and several major organizations have publicly opposed the initiative, citing risks of resident and business departures that could reduce future revenue. These factors—ballot complexity, organized spending, and uncertain voter support—underpin traders’ current assessment that passage remains unlikely.
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.
Markt eröffnet: Oct 24, 2025, 3:48 PM ET
Volumen
$3,723,862Enddatum
3. Nov. 2026Markt eröffnet
Oct 24, 2025, 3:48 PM ETAbwickler
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’s Proposition 40, a one-time 5% wealth tax on residents with net worth above roughly $1.1 billion, qualified for the November 3, 2026 ballot after labor union backers gathered sufficient signatures and rejected last-minute compromise offers.** Two competing “poison pill” measures, heavily funded by billionaires including Sergey Brin, would nullify the tax if they receive more votes. Recent August polling shows support hovering near 44–48% with 41–47% opposed, split sharply along partisan lines, while opposition groups have raised tens of millions for advertising. Governor Gavin Newsom and several major organizations have publicly opposed the initiative, citing risks of resident and business departures that could reduce future revenue. These factors—ballot complexity, organized spending, and uncertain voter support—underpin traders’ current assessment that passage remains unlikely.
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.
Volumen
$3,723,862Enddatum
3. Nov. 2026Markt eröffnet
Oct 24, 2025, 3:48 PM ETAbwickler
0x65070BE91...**California’s Proposition 40, a one-time 5% wealth tax on residents with net worth above roughly $1.1 billion, qualified for the November 3, 2026 ballot after labor union backers gathered sufficient signatures and rejected last-minute compromise offers.** Two competing “poison pill” measures, heavily funded by billionaires including Sergey Brin, would nullify the tax if they receive more votes. Recent August polling shows support hovering near 44–48% with 41–47% opposed, split sharply along partisan lines, while opposition groups have raised tens of millions for advertising. Governor Gavin Newsom and several major organizations have publicly opposed the initiative, citing risks of resident and business departures that could reduce future revenue. These factors—ballot complexity, organized spending, and uncertain voter support—underpin traders’ current assessment that passage remains unlikely.
Experimentelle KI-generierte Zusammenfassung mit Polymarket-Daten. Dies ist keine Handelsberatung und spielt keine Rolle bei der Auflösung dieses Marktes. · Aktualisiert
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