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".
Market outcomes
| Billionaire one-time wealth tax passes in California election 2026? | 44% YES | 56% NO |
Polymarket settles political markets from authoritative sources — Associated Press race calls for US elections, the relevant electoral commission for national votes, and the UMA optimistic oracle for contested or ambiguous resolutions. Prices you see are probabilities derived from thousands of traders deploying real capital; they update in real time as new polls, debates, endorsements and news hit the tape. PolyGram surfaces the same order book with an email-first login and USDC settlement on Polygon.
Resolution is handled by the UMA optimistic oracle on Polygon. A proposer submits the outcome, a two-hour dispute window opens, and if no one stakes a counter-claim the payout is final. Contested outcomes escalate to UMA token-holder voting. Payouts clear in USDC to the winning side.
As of today, traders on Polymarket price this outcome at 44%. The number updates continuously as the order book clears. PolyGram mirrors the same live odds with locale-aware formatting and USDC settlement.
Resolution is handled by the UMA optimistic oracle on Polygon. A proposer submits the outcome, a 2-hour dispute window opens, and if uncontested the payout is final. Contested outcomes escalate to UMA token holders.
The market is scheduled to close on 3 November 2026. Settlement typically clears within 24 hours after the resolving event, once the UMA optimistic oracle confirms the outcome.