Resolution criteria

This market resolves to YES if California Proposition 40 receives strictly greater than 50.0% of the total votes cast (i.e., more "Yes" votes than "No" votes) in the November 3, 2026 California general election, according to reputable media consensus and/or the official certified Statement of Vote published by the California Secretary of State.

This market resolves to NO if the measure receives 50.0% or less of the total votes cast.

Notes and Edge Cases:

• Resolution is determined by the vote count. Subsequent legal invalidation, court injunctions, or superseding outcomes from competing ballot measures (such as Propositions 41 or 42) will not alter the resolution if the certified vote percentage itself exceeded 50%.

Background

Proposition 40 (the "One-Time Wealth Tax for State-Funded Health Care Programs Initiative") is a combined initiated constitutional amendment and state statute on California's November 3, 2026 ballot. Sponsored primarily by SEIU United Healthcare Workers West (SEIU-UHW), the measure proposes a one-time 5% tax on the net worth of California residents exceeding $1 billion.

Revenues from the proposed tax are designated primarily to fund Medi-Cal and safety-net healthcare services, with a smaller portion allocated to public education and food assistance programs. Passage requires a simple majority (>50%) of votes cast on the measure.

This description was generated by AI.