Billionaire one-time wealth tax passes in California election 2026 Odds
Polymarket traders give No a 99% chance.
| Outcome | Chance | Odds | 24h |
|---|---|---|---|
| Yes | 1% | +7900 | ▲ 1 |
| No | 99% | -7900 | ▼ 1 |
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Price history
On Kalshi
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Resolution 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. 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.
Source: Polymarket. The venue's rules are final.
FAQ
What are the odds of "Billionaire one-time wealth tax passes in California election 2026"?
As of Nov 8, 5:30 AM EST, traders on Polymarket price No at 99%, about -7900 in American odds. Prices move with every trade.
How are prediction market odds calculated?
Each contract pays $1 if the outcome happens and $0 if it doesn't, so its price is the market's implied probability: a 60¢ contract means roughly a 60% chance. We show the last trade, or the midpoint between the best bid and ask when the order book is tight.
When does this market close?
Polymarket lists Nov 4, 2026 as the end date. It can close earlier if the outcome is decided.
Where can I trade on Billionaire one-time wealth tax passes in California election 2026?
This market trades on Polymarket and a matching market trades on Kalshi. Availability depends on where you live: Kalshi is a CFTC-regulated US exchange, while Polymarket's international site isn't available to US users (Polymarket US is a separate app). You must be 18 or older.