This market resolves YES if New Mexico Amendment 3 (Proposing an amendment to Article 12, Section 13 of the Constitution of New Mexico to establish nominating committees to provide lists of nominees to the governor for appointment of nonstudent members to the boards of regents of state educational institutions; student members from a list by an elected student governing body; party-registration-change restriction.) is approved by voters at the November 3, 2026 general election under its official approval rule:

Simple majority of votes cast on the question (N.M. Const. art. XIX §1); SOS guide: none of the 2026 amendments needs the three-fourths supermajority

Only the November 3, 2026 vote counts; earlier votes on similar proposals do not. YES means voter approval at this election, not that the measure is later implemented.

What the votes mean (official summary):

• YES: Governor must appoint nonstudent regents from nominating-committee lists.

• NO: Governor keeps current regent appointment discretion with Senate confirmation.

Results: resolves on the result certified by New Mexico State Canvassing Board. It may resolve earlier once official returns or the Associated Press show the outcome cannot change and no recount is pending; if a recount or certified correction changes the outcome before resolution, the certified result controls.

No vote: if the measure is removed from the ballot, a court orders its votes not to be counted, or the vote is postponed beyond November 3, 2026, the market resolves N/A.

Later legal challenges: resolution follows voter approval as certified. A court later invalidating, enjoining or delaying the measure does not change the resolution.

Starting probability: 50% is a neutral starting seed, not a forecast.

Official source: https://www.sos.nm.gov/wp-content/uploads/2026/09/2026-Voter-Guide-English.pdf