{
  "_notice": {
    "type": "free_key_offer",
    "message": "Free and anonymous access is staying. If this endpoint is in your pipeline, a free key adds advance notice before any schema change or deprecation. POST /v1/keys {\"email\": \"you@firm.com\"} — nothing else required. Something broken or missing? hello@clearmarket.fyi reaches a human.",
    "docs": "https://clearmarket.fyi/for-data/",
    "policy": "This field is additive and its shape will not change."
  },
  "event_id": "CM-EVT-03C1PRYVN4",
  "slug": "kxcawealthtax-26",
  "question": "Will the California billionaire wealth tax pass?",
  "category": "politics",
  "event_type": "BINARY",
  "ladder_distribution": null,
  "tags": [
    "politics",
    "california-politics",
    "wealth-tax",
    "ballot-initiative",
    "2027-election",
    "tax-policy"
  ],
  "catalyst_types": [],
  "catalyst_dates": [],
  "editorial_notes": "This market tracks whether California voters will approve a one-time billionaire wealth tax ballot initiative in the November 2026 general election. Only Kalshi lists this event, pricing a binary pass/fail outcome. Resolution follows Kalshi staff determination against California's certified official election results. The authoritative source is California's official election results as certified by the state.",
  "venues_covered": [
    "kalshi"
  ],
  "primary_market_id": "CM-MKT-661NL0BRJ0",
  "current_primary_mark": {
    "last_price": 0.3,
    "implied_probability": 0.3
  },
  "created_at": "2026-07-06T00:30:45.836226+00:00",
  "updated_at": "2026-07-06T00:30:45.836226+00:00",
  "markets": [
    {
      "market_id": "CM-MKT-661NL0BRJ0",
      "event_id": "CM-EVT-03C1PRYVN4",
      "platform": "kalshi",
      "platform_market_id": "KXCAWEALTHTAX-26",
      "question": "Will a one-time tax on billionaires ballot initiative in California pass?",
      "description": "In 2026",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "California's official election results for the 2026 general election on November 3, 2026, as certified by the California Secretary of State.",
      "close_at": "2027-11-03T04:59:00Z",
      "resolve_at": "2026-11-03T15:00:00Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If a one-time tax on billionaires ballot initiative in California passes, then the market resolves to Yes.\n\nA referendum \"passes\" when it meets ALL of the following conditions: receives the minimum percentage of \"Yes\" or \"For\" votes required by the applicable constitution, law, or electoral rules (whether simple majority, supermajority, or other threshold), meets any minimum voter turnout requirements if applicable, and is certified as passed by the official electoral authority.",
        "arbitration_model": "kalshi_staff",
        "proposer": "platform_staff",
        "source": "The Wall Street Journal",
        "source_status": "platform_named",
        "source_citation": "https://www.wsj.com/",
        "sources": [
          {
            "name": "The Wall Street Journal",
            "url": "https://www.wsj.com/",
            "provenance": "platform_api"
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          {
            "name": "CBS News",
            "url": "https://www.cbsnews.com/",
            "provenance": "platform_api"
          },
          {
            "name": "CNN International",
            "url": "https://kalshi.com/",
            "provenance": "platform_api"
          },
          {
            "name": "official electoral commission or equivalent authority of geography",
            "url": "https://kalshi.com/",
            "provenance": "platform_api"
          },
          {
            "name": "the Associated Press",
            "url": "https://apnews.com/",
            "provenance": "platform_api"
          },
          {
            "name": "Reuters",
            "url": "https://www.reuters.com",
            "provenance": "platform_api"
          },
          {
            "name": "The New York Times",
            "url": "https://www.nytimes.com/",
            "provenance": "platform_api"
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          {
            "name": "The Washington Post",
            "url": "https://www.washingtonpost.com/",
            "provenance": "platform_api"
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          {
            "name": "Axios",
            "url": "https://www.axios.com/",
            "provenance": "platform_api"
          },
          {
            "name": "in hierarchical order",
            "url": "https://kalshi.com/",
            "provenance": "platform_api"
          },
          {
            "name": "Fox News",
            "url": "https://www.foxnews.com",
            "provenance": "platform_api"
          },
          {
            "name": "BBC News",
            "url": "https://www.bbc.com/",
            "provenance": "platform_api"
          },
          {
            "name": "Politico",
            "url": "https://www.politico.com",
            "provenance": "platform_api"
          },
          {
            "name": "MSNBC",
            "url": "https://www.msnbc.com",
            "provenance": "platform_api"
          },
          {
            "name": "NBC News",
            "url": "https://www.nbcnews.com/",
            "provenance": "platform_api"
          },
          {
            "name": "ABC News",
            "url": "https://abcnews.go.com/",
            "provenance": "platform_api"
          },
          {
            "name": "official government website of geography",
            "url": "https://kalshi.com/",
            "provenance": "platform_api"
          },
          {
            "name": "Bloomberg News",
            "url": "https://www.bloomberg.com/news",
            "provenance": "platform_api"
          }
        ],
        "source_of_record": "official electoral commission or equivalent authority of geography",
        "source_mechanism": "single_authority",
        "source_type": null,
        "source_quality": "authoritative",
        "source_commitment": "named",
        "source_commitment_subtype": "named",
        "source_hedge_text": null
      },
      "rcg": {
        "grade": "A",
        "score": 91,
        "caps": [],
        "applied_factors": 7
      },
      "last_price": 0.3,
      "implied_probability": 0.3,
      "volume_24h_usd": 123.819,
      "volume_total_usd": 172602.018,
      "settlement_style": "touch",
      "direction": null,
      "threshold": null,
      "question_id": null,
      "also_on": null,
      "tags": [
        "2026",
        "ballot",
        "billionaire",
        "california",
        "california billionaire wealth",
        "wealth tax"
      ],
      "eligibility_screens": [
        {
          "regime": "ciro-26-0076",
          "screen_version": "v1",
          "status": "not_eligible",
          "reasons": [
            "category_not_permitted"
          ],
          "bucket": null,
          "screened_at": "2026-06-12"
        }
      ]
    }
  ],
  "resolution_log": [],
  "_provenance": {
    "source": "clearmarket.fyi",
    "ref": "CM-EVT-03C1PRYVN4",
    "terms": "Attribution required. clearmarket.fyi"
  }
}