Name: Billionaire one-time wealth tax on California ballot?
Start: 2025-10-24T19:56:10.909971Z
End: 2026-06-25T00:00:00Z

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This 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. 

Billionaire one-time wealth tax on California ballot?

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.

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

Proposition 50 is a 2025 legislatively referred constitutional amendment on congressional redistricting, proposed for the statewide special election in California currently set for November 4, 2025.

This market will resolve to “Yes” if Proposition 50 or any other legislatively referred statewide measure that authorizes or implements congressional redistricting is approved by a majority of voters at the California statewide special election currently set for November 4, 2025. Otherwise, this market will resolve to “No.”

If by the last legally operative deadline for placing measures on the November 4, 2025 statewide ballot—including any deadline set or modified by the statute calling that special election—no qualifying legislatively referred measure has been approved for submission to voters, and there is no enacted statute or pending court order that could still place such a measure on that ballot, the market will resolve “No”.

If the election is officially rescheduled, the same rule applies to the new ballot and its corresponding deadlines.

The resolution source will be based on the official certified results of the vote as published by  State of California. Subsequent litigation, administrative challenges, or failure of any post-approval triggers will not be considered.

California redistricting referendum passes?

The non-partisan primary election for Governor of California is scheduled to take place on June 2, 2026. The top two candidates in this election by number of votes won will advance to the general election for Governor of California.

This market will resolve to “Yes” If the listed candidate advances from the primary to the general election for Governor of California. Otherwise this market will resolve to “No”.

If no 2026 California gubernatorial primary takes place by December 31, 2026, this market will resolve to “No.”

This market will resolve based on the results of the primary election for Governor of California as indicated by a consensus of credible reporting. If there is ambiguity, this market will resolve based solely on the official results as reported by the government of California, specifically the Office of the Secretary of State.

Will Eric Swalwell advance from the 2026 California Governor primary election?

Proposition 50 is a 2025 legislatively referred constitutional amendment on congressional redistricting, proposed for the statewide special election in California currently set for November 4, 2025.

This market will resolve according to the margin by which Proposition 50 or any other legislatively referred statewide measure that authorizes or implements congressional redistricting is approved by a majority of voters at the California statewide special election currently set for November 4, 2025.

For the purpose of resolving this market, the “margin” is defined as the absolute percentage-point difference between the certified statewide vote share in favor (“pro”) minus the certified statewide vote share against (“contra”) the proposition.

If the reported value falls exactly between two brackets, this market will resolve to the higher range bracket.

If Proposition 50 does not receive more pro than contra votes, this market will resolve to the lowest range bracket.

If by the last legally operative deadline for placing measures on the November 4, 2025 statewide ballot—including any deadline set or modified by the statute calling that special election—no qualifying legislatively referred measure has been approved for submission to voters, and there is no enacted statute or pending court order that could still place such a measure on that ballot, the market will resolve to the lowest range bracket.

If the election is officially rescheduled, the same rule applies to the new ballot and its corresponding deadlines.

The resolution source will be based on the official certified results of the vote as published by the State of California. Subsequent litigation, administrative challenges, or failure of any post-approval triggers will not be considered.

Will the California redistricting referendum pass by 20-30%?

This market will resolve to according to the candidate who wins the 2026 California gubernatorial election currently scheduled for November 3, 2026.

If the results of the election are not confirmed by July 31, 2027, this market will resolve to "Other".

The resolution source for this market is the Associated Press, Fox News, and NBC. This market will resolve once all three sources call the race for the same candidate. If all three sources haven’t called the race in this state for the same candidate, this market will resolve based on official certification.

Will Eric Swalwell win the California Governor Election in 2026?

This market will resolve to "Yes" if Gavin Newsom officially announces that he is running for U.S. President in the 2028 presidential election, by the specified date, 11:59 PM ET. Otherwise, this market will resolve to "No."

For the purpose of resolving this market, an announcement by Gavin Newsom will be sufficient to trigger a "Yes" resolution, regardless of whether he actually filed a nomination to run, or whether he actually files a nomination to run in the future.

The primary resolution source for this market will be official statements by Gavin Newsom (e.g., via speech, social media, etc.) or his official or legal representatives; however, a consensus of credible reporting may also be used.

Will Gavin Newsom announce a Presidential run by December 31, 2026?

This market will resolve to "Yes" if Elon Musk is any rank other than #1 on the Bloomberg Billionaires Index at any point between June 30, and December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

The resolution source for this market will be the Bloomberg Billionaires Index (https://www.bloomberg.com/billionaires/). If this source becomes permanently unavailable in that time period, the Forbes Real-Time Billionaires List will be used (https://www.forbes.com/real-time-billionaires/#6aa3f0213d78). If both sources become permanently unavailable, this market will resolve to "No".

Elon no longer world's richest before 2026?

Proposition 50 is a 2025 legislatively referred constitutional amendment on congressional redistricting, proposed for the statewide special election in California currently set for November 4, 2025.

This market will resolve according to the margin by which Proposition 50 is approved by a majority of voters at the California statewide special election currently set for November 4, 2025.

For the purpose of resolving this market, the “margin” is defined as the absolute percentage-point difference between the certified statewide vote share in favor (“pro”) minus the certified statewide vote share against (“contra”) the proposition.

If the reported value falls exactly between two brackets, this market will resolve to the higher range bracket.

If Proposition 50 does not receive more pro than contra votes, this market will resolve to the lowest range bracket.

The resolution source will be based on the official certified results of the vote as published by the State of California.

Will the California redistricting referendum pass by 28–29%?

This market will resolve to "Yes" if Gavin Newsom is no longer serving as Governor of California for any length of time between January 13 and December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

An announcement of Gavin Newsom's resignation/removal before this market's end date will immediately resolve this market to "Yes", regardless of when the announced resignation/removal goes into effect.

This market's resolution source will be a consensus of credible reporting.


Gavin Newsom out as California Governor in 2025?

Zohran Mamdani has proposed adding a flat 2% tax on New York City residents earning above $1,000,000 annually. You can read more about that here: https://drive.google.com/file/d/14-aM9DKG337SDMilmfQtLRR-pDwyWSTc/view

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.

Will Mamdani pass the 2% Millionaire Tax before 2027?

This market will resolve to "Yes" if Donald Trump signs any federal legislation or performs any executive action that explicitly eliminates federal income taxes for individuals earning less than $150,000 per year in the United States by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

Legislation which includes specific exceptions where federal income tax remains applicable for specified groups (whether by income, occupation, or other criteria) will still qualify, as long as the primary outcome of the law is the removal of federal income tax for individuals earning under $150,000. Any bill signed into law or executive action taken within this market's time frame will qualify, regardless of when the law or action goes into effect. If it becomes impossible for Trump to sign legislation/perform executive actions (e.g., he resigns), this market will resolve to "No".

This market's primary resolution source will be official information from the Trump administration, however a consensus of credible information will also be used.

Trump removes income tax on individuals making <$150k?

This market will resolve to "Yes" if Former United States Vice President Kamala Harris announces that she is running for Governor of California in the 2026 midterm election, between June 23 and December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

For the purpose of resolving this market, an announcement by Kamala Harris will be sufficient to trigger a "Yes" resolution, regardless of whether she actually filed a nomination to run, or whether she actually files a nomination to run in the future.

The primary resolution source for this market will be official statements by Kamala Harris (ex: via speech, social media, etc.) or her official or legal representatives, however a consensus of credible reporting may also be used. 

Will Kamala Harris announce California Governor run in 2025?

This market will resolve to “Yes” if the “Yes” option for 'Gavin Newsom' in the "Democratic Presidential Nominee 2028" market  (https://polymarket.com/event/democratic-presidential-nominee-2028?tid=1764680585562) is priced over the listed value for a majority of minutes during any four-hour period ending by December 31, 2025, 11:59 PM ET or earlier. Otherwise, this market will resolve to “No”.

A tie in the number of minutes will resolve to "No".

If the underlying market resolves prior to this market, this market will immediately resolve in accordance with the underlying market’s final outcome.

The resolution source will be the underlying minute-level price data for the “Democratic Presidential Nominee 2028” market, which can be viewed using the bar chart on https://derivative.polymarket.com/index/odds-of-newsom-dem-pres-nominee-over-40-by-december-31 or through the “Resolution” tab with the time set to show the four-hour window. Both interfaces display the same underlying data.

Note: This market will resolve according to the price scoring methodology of derivative.polymarket.com.


Odds of Newsom Dem Pres Nominee over 40% by December 31?

This market will resolve to "Yes" if Donald Trump signs a bill into law or performs any executive action changing US tax law to eliminate capital gains tax on any cryptocurrency assets by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

Such a bill must apply to US taxpaying persons in general; if a law applies only to specific companies or institutions, it will not qualify toward a "Yes" resolution to this market.

If capital gains is eliminated only for specific types or classes of crypto assets (e.g., only Bitcoin or Ethereum, only American issued cryptocurrencies, or only NFTs), it will still count toward a "Yes" resolution for this market.

If the bill is signed into law, or executive action is instituted before the resolution date, it will suffice to resolve this market to "Yes" regardless of when it takes effect.

The primary resolution source for this market will be official information from the US federal government, however a consensus of credible reporting will also be used.

Trump eliminates capital gains tax on crypto in 2025?

This market will resolve to “Yes” if the listed individual announces that they are running for President in the 2028 United States presidential election by December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to “No”.

An announcement by the listed individual  will be sufficient to trigger a "Yes" resolution, regardless of whether they actually filed a nomination to run, or whether they actually file a nomination to run in the future.

The primary resolution source for this market will be official statements by the listed individual (ex: via speech, social media, etc.), however a consensus of credible reporting may also be used.

Will Candace Owens announce a presidential run before 2027?

This market will resolve to "Mamdani" if the Democratic candidate’s margin of victory in the 2025 New York City Mayor election is greater than the margin of victory for the Democratic-backed "Yes" position in the 2025 California referendum on Proposition 50.

This market will resolve to "Proposition 50" if the margin of victory in the California referendum is greater than in the New York City Mayor election.

For the purpose of this market, the “margin of victory” is defined as the difference in percentage points between the Democratic and Republican vote shares in the mayoral election and between the “Yes” and “No” vote shares in the referendum.

If the Democratic candidate and the “Yes” position fail to win, this market will resolve to the contest in which they lost by the smaller margin.

If the margin of victory is identical, or if the results of either election are not confirmed by July 31, 2026, this market will resolve 50-50.

The primary resolution source for this market will be a consensus of credible reporting; however, if there is any ambiguity in the results, this market will resolve according to the official election authority responsible for each election (the New York City Board of Elections and the California Secretary of State).

Larger Margin of Victory: Mamdani vs Prop 50?

This market will resolve to "Yes" if any house of any US state legislature holds a vote, as part of its standard legislative process, on a bill, resolution, or constitutional amendment whose main purpose is for the state to secede from the United States, or to otherwise declare its support for such a secession, by June 30, 2026 ET. Otherwise, this market will resolve to "No".

A qualifying measure must clearly state its purpose as part of a process for the state to leave, withdraw from, dissolve political ties with, declare independence from, or otherwise terminate its membership in the United States; measures which merely study, explore, or explain a possibility of secession or independence will not qualify. Informal measures of consensus taking such as straw polls or whip counts will not qualify toward this market's resolution.

A vote on a resolution or other statement without binding legal effect but declaring the state's explicit support for secession will qualify toward this market's resolution.

Only a vote taken by a full chamber will qualify toward this market's resolution. Votes held by committees/subcommittees, etc., will not qualify.

This market's primary resolution source will be official records of qualifying votes from relevant state governments, however a consensus of credible reporting will also be used.

Any US state legislature votes on secession by June 30, 2026?

This market will resolve according to the election or referendum won by Democrats with the highest margin of victory compared to the other listed events, all scheduled for November 4, 2025:

- Virginia Governor election
- Virginia House of Delegates election
- New Jersey Governor election
- New York City Mayor election
- California referendum “Proposition 50”

If the results of any of these elections are not confirmed by July 31, 2026, this market will be resolved according to the results published thus far.

The primary resolution source for this market will be a consensus of credible reporting; however, if there is any ambiguity in the results, this market will resolve according to official election authority sources conducting the election.

Will the California Proposition 50 referendum have the largest Democratic margin of victory?

This market will resolve to "Yes" if Donald Trump signs a bill into law or performs any executive action changing US tax law to establish a de minimis tax exemption on cryptocurrency transactions by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

Such a bill must apply to US taxpaying persons in general; if a law applies only to specific companies or institutions, it will not qualify toward a "Yes" resolution to this market.

If the tax exemption only applies for specific types or classes of crypto assets (e.g., only Bitcoin or Ethereum, only American issued cryptocurrencies, or only NFTs), it will still count toward a "Yes" resolution for this market.

If the bill is signed into law, or executive action is instituted before the resolution date, it will suffice to resolve this market to "Yes" regardless of when it takes effect.

The primary resolution source for this market will be official information from the US federal government, however a consensus of credible reporting will also be used.


Trump enacts a de minimis crypto tax exemption before 2026?

This market will resolve to "Yes" if Donald Trump signs a bill into law or performs any executive action changing US tax law to eliminate the federal tax exemption on interest from municipal bonds by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

If the exemption is eliminated only for specific types or classes of municipal bonds (e.g., only newly issued bonds, only bonds from certain states or localities, or only bonds purchased after a certain date), it will still count toward a "Yes" resolution for this market.

If the bill is signed into law, or executive action is instituted before the resolution date, it will suffice to resolve this market to "Yes" regardless of when it takes effect.

The primary resolution source for this market will be official information from the US federal government, however a consensus of credible reporting will also be used.

Will Trump remove municipal bond tax exemption in 2025?

This market will resolve to "Yes" if Donald J. Trump, as President of the United States, signs into law a bill that lowers the maximum individual tax rate below 37% at any point between January 19 and December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No."

Note that the cut does not need to go into effect before the resolution date - it just needs to be signed into law by then.

This market's primary resolution source will be official information from the Trump administration, however a consensus of credible information will also be used.



Will Trump cut taxes on high earners in 2025?

This market will resolve to “Yes” if Pacifica (https://x.com/pacifica_fi) officially launches a governance token by 11:59 PM ET on the date specified in the title. Otherwise, this market will resolve to “No”.

The token must be actively and publicly transferable and tradable. Announcements alone do not qualify.

The primary resolution source for this market will be information from Pacifica, however a consensus of credible reporting will also be used.

Will Pacifica launch a token by December 31 2026?

This market will resolve to "Yes" if Gavin Newsom is arrested between August 14 and December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

A qualifying arrest/detention includes:
* Being taken into physical custody by law enforcement authorities (including federal, state, local, military, or international law enforcement)
* Voluntarily surrendering to law enforcement authorities in response to an arrest warrant
* Being formally booked or processed following detention
* Being handcuffed by a state authority and taken to a police station
* Surrendering at a police station or courthouse with their attorney
* Being placed under house arrest or electronic monitoring

The following scenarios will NOT qualify as an arrest/detention
* An arrest warrant being issued but not executed
* Being briefly detained but not arrested (e.g. such as in the South Korean judicial system when an individual is awaiting a judge’s decision on whether to grant a detention warrant)
* Being questioned or interviewed without arrest
* Being named in an indictment without arrest

The primary resolution source for this market will be official information from the arresting government and law enforcement, however a consensus of credible reporting may also be used.

Gavin Newsom arrested by December 31?

This market will resolve to "Yes" if OpenAI achieves a public valuation of $1 trillion USD or more, or raises a private funding round that values the company at $1 trillion or more between June 22 and December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No."

To qualify, the valuation must be explicitly confirmed by OpenAI or an overwhelming consensus of credible reporting. 

The resolution source will be OpenAI’s official communications, however a consensus of credible reporting may also be used.

OpenAI $1T+ valuation in 2025?

This market will resolve to “Yes” if the bitcoin holdings officially owned by the Republic of the El Salvador government reaches or surpasses a value of $1b at any point by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to “No”.

The primary resolutions source for this market will be the ARKHAM INTEL tracker (see: https://intel.arkm.com/explorer/entity/el-salvador). Any temporary glitches or errors in the tracker will not be considered. If the tracker becomes permanently unavailable another credible source may be used. Official announcements form the government of El Salvador confirming their bitcoin holdings have reached or surpassed $1b in value will also qualify. 


Will El Salvador hold $1b+ of BTC by December 31? 

This market will resolve to "Yes" if Cluely achieves a public valuation of $1 billion USD or more, or raises a private funding round that values the company at $1 billion or more between June 30 and December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No."

To qualify, the valuation must be explicitly confirmed by Cluely or an overwhelming consensus of credible reporting.

The resolution source will be Cluely's official communications, however a consensus of credible reporting may also be used.

Cluely $1B valuation in 2025?

On November 18, Texas Representative Giovanni Capriglione introduced H.B. 1598, a bill to establish a strategic bitcoin reserve within the state treasury (see: https://www.cnbc.com/2024/12/12/texas-house-introduces-bill-to-establish-a-strategic-bitcoin-reserve.html).

This market will resolve to "Yes" if H.B. 1598, the Texas Strategic Bitcoin Reserve Act, is signed into law by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to “No.”

The resolution source will be official information from the Texas Legislature or a consensus of credible reporting. 

Texas Strategic Bitcoin Reserve Act (H.B. 1598) signed in 2025?

This market will resolve to "Yes" if the US federal income tax is eliminated between January 21 and December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

For the purposes of this market, "abolishing the federal income tax" means the elimination of federal income tax obligations for individuals in the US, not merely reductions, suspensions, or alterations to tax rates, brackets, or enforcement policies. The market will not consider executive orders, temporary measures, or proposals that do not become law.

The primary resolution source for this market will be official information from the US federal government, including announcements from Donald Trump and the IRS, however a consensus of credible reporting will also be used.

Trump abolishes the Federal Income Tax in 2025?

This market will resolve to "Yes" if Kim Kardashian receives a passing score on the California Bar Exam by May 3, 2026, 11:59PM ET. Otherwise, this market will resolve to "No".

If the results of all California State Bar Exams within this market's timeframe are not known by the specified end date, this market may remain open until May 30, 2026, 11:59 PM ET, after which, if results remain unavailable, this market will resolve to "No".

The resolution source for this market will be official information from the California State Bar Association, however a consensus of credible reporting will also be used. 

Will Kim Kardashian pass the bar exam by May 3?

On March 11, Senator Lummis reintroduced the BITCOIN Act, which aims to purchase 1,000,000 Bitcoin. You can read more about that here: https://x.com/BitcoinMagazine/status/1899447562790211883

This market will resolve to "Yes" if this act passes the Senate by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

The primary resolution source for this market will be information from the US government, however a consensus of credible reporting will also be used.

Billionaire one-time wealth tax on California ballot?

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Billionaire one-time wealth tax on California ballot?

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Billionaire one-time wealth tax on California ballot?

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Billionaire one-time wealth tax on California ballot?

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