
Billionaire one-time wealth tax on California ballot?
Current odds
Live · updates every 20sPrice history
Market stats
Polymarket · CLOBRecent trades
Last 10 fills · live| TIME | SIDE | PRICE | SIZE | VALUE | TRADER |
|---|---|---|---|---|---|
About this market
ContextThis market will resolve to "Yes" if a ballot initiative is certified to appear on the official statewide California ballot for the November 3, 2026 election, that proposes a one-time tax targeting individuals, households, or family units with wealth, assets, or net worth of at least $1 billion (USD or equivalent), by June 25, 2026, 11:59 PM ET (the official cutoff date for new initiatives to be approved). Otherwise, this market will resolve to "No". Certification means the initiative is officially approved by the California Secretary of State for a statewide ballot. The primary resolution source will be official information from the government of California. If unavailable, a consensus of credible reporting may be used.
How trading works
Polymarket uses a central limit order book (CLOB) model — you can buy or sell shares of any outcome at the current market price, or place limit orders at your target price. All positions are settled in USDC when the market resolves.
Resolution
Markets resolve through UMA's Optimistic Oracle. After the market closes, a proposer submits a resolution, followed by a 2-hour dispute window. If no dispute is raised, the resolution is accepted. Disputed markets go to UMA token holder vote.