Billionaire one-time wealth tax on California ballot?

91% chancePolymarket$131,331 Vol.$131,331 Vol.Jun 25, 202691% chancePolymarket$131,331 Vol.$131,331 Vol.Jun 25, 2026This 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. Proponents of the 2026 Billionaire Tax Act, a combined constitutional amendment and statute, submitted more than 1.55 million signatures in late April 2026—nearly double the 875,000 required for qualification. The California Secretary of State has until June 25, 2026, to complete verification, after which the measure would appear on the November 2026 ballot if approved. Early polling has shown modest voter support above 50 percent. The initiative would impose a one-time 5 percent excise tax on the net worth of individuals and certain trusts exceeding $1 billion as of December 31, 2026, with proceeds directed primarily to state-funded healthcare, K-14 education, and food assistance programs. No significant legal or procedural barriers have emerged to alter the trajectory since the signature filing.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. Market Opened: Oct 24, 2025, 3:48 PM ETVolume$131,331End DateJun 25, 2026Market OpenedOct 24, 2025, 3:48 PM ETThis 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".