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  1. Prediction Markets
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  3. Billionaire one-time wealth tax passes in California election 2026?
Billionaire one-time wealth tax passes in California election 2026?

Billionaire one-time wealth tax passes in California election 2026?

0.5% (24h)One-OffPoliticsElection4mo
PolymarketPolymarketCheck availabilityNo KYC2% fee
Current implied probability
Yes
Yes 35%
Market quality

80 / 100

High quality
24h Volume

$1K

Liquidity

$43.7K

High liquidity
Bid / Ask

34.0% / 36.0%

Spread

5.9%

Moderate spread
7d Change

-3.5%

Market data

Updated 2 minutes ago

Oct 24, 25, 7:56 PMNov 3, 26, 12:00 AM

Trends

Outcome24hChance

Selected outcome

Yes35%

Rules

A one-time wealth tax on billionaires has been proposed to potentially appear on California's ballot for the November 3, 2026 general election.

Polymarket
  • 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.

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Rules

A one-time wealth tax on billionaires has been proposed to potentially appear on California's ballot for the November 3, 2026 general election.

Polymarket
  • 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.