57
Markets2h 38m ago

Odds for a proposed billionaire tax appearing on California's ballot dropped from 88% to 35.5% on prediction markets platform Kalshi.

California

Who
Gov. Gavin Newsom, Service Employees International Union – United Healthcare Workers West
What
Odds for a proposed billionaire tax appearing on California's ballot dropped from 88% to 35.5% on prediction markets platform Kalshi.
When
Tue, 16 Jun 2026 17:32:51 GMT · 2h 38m ago
Where
California ·
Why
The decline in odds follows reports that Gov. Gavin Newsom is actively trying to prevent the proposed tax from being on the November ballot.
The Frontline Impact

How this affects you

The proposed tax, supported by a union to fund healthcare, targets California's approximately 200 billionaires, but its future is uncertain due to the Governor's opposition, potentially affecting state revenue and political dynamics as the June 25 deadline approaches.

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