Assemblymember Zohran Mamdani's bill A8151, enacting a 2% surcharge on incomes over $1 million, was introduced in June 2024 but remains stalled in the Assembly Ways and Means Committee with no hearings or votes scheduled. New York's Democratic supermajority in the Assembly faces hurdles from a narrowly Democratic Senate and Governor Kathy Hochul, who struck a budget deal last spring explicitly avoiding new income tax hikes amid fiscal pressures. Absent major shifts like committee advancement or gubernatorial endorsement in the 2025 legislative session, traders' 86.5% implied probability on "No" reflects consensus on entrenched legislative gridlock and political resistance to tax increases before 2027.
Resumen experimental generado por IA con datos de Polymarket · ActualizadoSí
$53,973 Vol.
$53,973 Vol.
Sí
$53,973 Vol.
$53,973 Vol.
This market will resolve to “Yes” if both the following occur:
1. Zohran Mamdani wins the 2025 NYC Mayoral election.
2. A policy is enacted in New York City before December 31, 2026, 11:59 PM ET, which would establish a tax increase of 2% or more targeting individuals, households, or family units with an income of at least $1 million (USD or equivalent).
When the proposed tax goes into effect (e.g., if a qualifying tax is enacted for the 2028 fiscal year) will have no bearing on this market's resolution, so long as the policy has actually been enacted within this market's timeframe.
The policy will be considered to have been enacted if a local or state law is passed, or mayoral executive order is issued which will bring the stated tax into effect within the specified timeframe. The introduction, proposal, or announcement of such a policy without legal enactment will not qualify.
Policies which include limited exceptions—such as such as exceptions for specific families, asset classes, etc.—will still qualify as long as a general tax as described is enacted.
If Mamdani is confirmed to have lost the 2025 NYC Mayoral election by a consensus of credible reporting, or if the stated terms are not satisfied within this market's timeframe, this market will immediately resolve to “No”.
The resolution source for this market will be a consensus of credible reporting.
Mercado abierto: Nov 5, 2025, 6:39 PM ET
Resolver
0x65070BE91...This market will resolve to “Yes” if both the following occur:
1. Zohran Mamdani wins the 2025 NYC Mayoral election.
2. A policy is enacted in New York City before December 31, 2026, 11:59 PM ET, which would establish a tax increase of 2% or more targeting individuals, households, or family units with an income of at least $1 million (USD or equivalent).
When the proposed tax goes into effect (e.g., if a qualifying tax is enacted for the 2028 fiscal year) will have no bearing on this market's resolution, so long as the policy has actually been enacted within this market's timeframe.
The policy will be considered to have been enacted if a local or state law is passed, or mayoral executive order is issued which will bring the stated tax into effect within the specified timeframe. The introduction, proposal, or announcement of such a policy without legal enactment will not qualify.
Policies which include limited exceptions—such as such as exceptions for specific families, asset classes, etc.—will still qualify as long as a general tax as described is enacted.
If Mamdani is confirmed to have lost the 2025 NYC Mayoral election by a consensus of credible reporting, or if the stated terms are not satisfied within this market's timeframe, this market will immediately resolve to “No”.
The resolution source for this market will be a consensus of credible reporting.
Resolver
0x65070BE91...Assemblymember Zohran Mamdani's bill A8151, enacting a 2% surcharge on incomes over $1 million, was introduced in June 2024 but remains stalled in the Assembly Ways and Means Committee with no hearings or votes scheduled. New York's Democratic supermajority in the Assembly faces hurdles from a narrowly Democratic Senate and Governor Kathy Hochul, who struck a budget deal last spring explicitly avoiding new income tax hikes amid fiscal pressures. Absent major shifts like committee advancement or gubernatorial endorsement in the 2025 legislative session, traders' 86.5% implied probability on "No" reflects consensus on entrenched legislative gridlock and political resistance to tax increases before 2027.
Resumen experimental generado por IA con datos de Polymarket · Actualizado
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