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.
Choose your position: Buy "YES" if you think it will happen, or "NO" if you don't.
Set your stake: Trade with virtual currency. The price reflects market probability.
Wait for the outcome: If you're right, you receive $1 per share. If wrong, you lose your stake.
This is a simulation. No real money involved.