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Elections·US Election

California Retroactive Tax Prohibition Proposition

icon for California Retroactive Tax Prohibition Proposition
Elections·US Election

California Retroactive Tax Prohibition Proposition

Nov 3

Nov 3

Nov 3

Nov 3

Nov 3

Nov 3

Nov 3

Nov 3

48% chance
Polymarket
NEW
48% chance
Polymarket
NEW
Proposition 42 is a California ballot measure currently scheduled for voting on November 3, 2026. It would prevent retroactive taxes and new taxes on personal property, which would offset the proposed wealth tax in Proposition 40. This market will resolve to “Yes” if the specified ballot measure is approved by a majority of voters at the California statewide general election currently scheduled for November 3, 2026. Otherwise, this market will resolve to “No.” If voting on the specified ballot measure does not occur, or the results thereof are not known definitively, by March 31, 2027, this market will resolve to “No”. This market will resolve based on a consensus of credible reporting. If there is ambiguity, this market will resolve solely based on official information from the State of California, including the California Secretary of State (https://www.sos.ca.gov/).California voters face a closely balanced contest over Proposition 42, an initiative constitutional amendment that would bar new state taxes on personal property ownership—including retirement accounts, financial assets, and business interests—while restricting certain retroactive levies enacted after January 1, 2026. Business-backed supporters, including groups aligned with high-net-worth donors, frame the measure as essential protection for savings and unrealized gains amid parallel efforts to enact a billionaire wealth tax. Opponents highlight potential limits on future revenue for public programs. The outcome hinges on turnout among tax-sensitive voters, interactions with companion propositions on the November 2026 ballot, and shifting public priorities around affordability and state finances, creating the narrow edge reflected in current trader consensus.

Proposition 42 is a California ballot measure currently scheduled for voting on November 3, 2026. It would prevent retroactive taxes and new taxes on personal property, which would offset the proposed wealth tax in Proposition 40.

This market will resolve to “Yes” if the specified ballot measure is approved by a majority of voters at the California statewide general election currently scheduled for November 3, 2026. Otherwise, this market will resolve to “No.”

If voting on the specified ballot measure does not occur, or the results thereof are not known definitively, by March 31, 2027, this market will resolve to “No”.

This market will resolve based on a consensus of credible reporting. If there is ambiguity, this market will resolve solely based on official information from the State of California, including the California Secretary of State (https://www.sos.ca.gov/).
Volume
$0
End Date
Nov 3, 2026
Market Opened
Jul 1, 2026, 6:25 PM ET

Resolver

0x65070BE91...
Proposition 42 is a California ballot measure currently scheduled for voting on November 3, 2026. It would prevent retroactive taxes and new taxes on personal property, which would offset the proposed wealth tax in Proposition 40. This market will resolve to “Yes” if the specified ballot measure is approved by a majority of voters at the California statewide general election currently scheduled for November 3, 2026. Otherwise, this market will resolve to “No.” If voting on the specified ballot measure does not occur, or the results thereof are not known definitively, by March 31, 2027, this market will resolve to “No”. This market will resolve based on a consensus of credible reporting. If there is ambiguity, this market will resolve solely based on official information from the State of California, including the California Secretary of State (https://www.sos.ca.gov/).
Proposition 42 is a California ballot measure currently scheduled for voting on November 3, 2026. It would prevent retroactive taxes and new taxes on personal property, which would offset the proposed wealth tax in Proposition 40. This market will resolve to “Yes” if the specified ballot measure is approved by a majority of voters at the California statewide general election currently scheduled for November 3, 2026. Otherwise, this market will resolve to “No.” If voting on the specified ballot measure does not occur, or the results thereof are not known definitively, by March 31, 2027, this market will resolve to “No”. This market will resolve based on a consensus of credible reporting. If there is ambiguity, this market will resolve solely based on official information from the State of California, including the California Secretary of State (https://www.sos.ca.gov/).California voters face a closely balanced contest over Proposition 42, an initiative constitutional amendment that would bar new state taxes on personal property ownership—including retirement accounts, financial assets, and business interests—while restricting certain retroactive levies enacted after January 1, 2026. Business-backed supporters, including groups aligned with high-net-worth donors, frame the measure as essential protection for savings and unrealized gains amid parallel efforts to enact a billionaire wealth tax. Opponents highlight potential limits on future revenue for public programs. The outcome hinges on turnout among tax-sensitive voters, interactions with companion propositions on the November 2026 ballot, and shifting public priorities around affordability and state finances, creating the narrow edge reflected in current trader consensus.

Proposition 42 is a California ballot measure currently scheduled for voting on November 3, 2026. It would prevent retroactive taxes and new taxes on personal property, which would offset the proposed wealth tax in Proposition 40.

This market will resolve to “Yes” if the specified ballot measure is approved by a majority of voters at the California statewide general election currently scheduled for November 3, 2026. Otherwise, this market will resolve to “No.”

If voting on the specified ballot measure does not occur, or the results thereof are not known definitively, by March 31, 2027, this market will resolve to “No”.

This market will resolve based on a consensus of credible reporting. If there is ambiguity, this market will resolve solely based on official information from the State of California, including the California Secretary of State (https://www.sos.ca.gov/).
Volume
$0
End Date
Nov 3, 2026
Market Opened
Jul 1, 2026, 6:25 PM ET

Resolver

0x65070BE91...
Proposition 42 is a California ballot measure currently scheduled for voting on November 3, 2026. It would prevent retroactive taxes and new taxes on personal property, which would offset the proposed wealth tax in Proposition 40. This market will resolve to “Yes” if the specified ballot measure is approved by a majority of voters at the California statewide general election currently scheduled for November 3, 2026. Otherwise, this market will resolve to “No.” If voting on the specified ballot measure does not occur, or the results thereof are not known definitively, by March 31, 2027, this market will resolve to “No”. This market will resolve based on a consensus of credible reporting. If there is ambiguity, this market will resolve solely based on official information from the State of California, including the California Secretary of State (https://www.sos.ca.gov/).

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Frequently Asked Questions

"California Retroactive Tax Prohibition Proposition" is a prediction market on Polymarket where traders buy and sell "Yes" or "No" shares based on whether they believe this event will happen. The current crowd-sourced probability is 48% for "Yes." For example, if "Yes" is priced at 48¢, the market collectively assigns a 48% chance that this event will occur. These odds shift continuously as traders react to new developments and information. Shares in the correct outcome are redeemable for $1 each upon market resolution.

"California Retroactive Tax Prohibition Proposition" is a newly created market on Polymarket, launched on Jul 1, 2026. As an early market, this is your opportunity to be among the first traders to set the odds and establish the market's initial price signals. You can also bookmark this page to track volume and trading activity as the market gains traction over time.

To trade on "California Retroactive Tax Prohibition Proposition," simply choose whether you believe the answer is "Yes" or "No." Each side has a current price that reflects the market's implied probability. Enter your amount and click "Trade." If you buy "Yes" shares and the outcome resolves as "Yes," each share pays out $1. If it resolves as "No," your "Yes" shares pay $0. You can also sell your shares at any time before resolution if you want to lock in a profit or cut a loss.

The current probability for "California Retroactive Tax Prohibition Proposition" is 48% for "Yes." This means the Polymarket crowd currently believes there is a 48% chance that this event will occur. These odds update in real-time based on actual trades, providing a continuously updated signal of what the market expects to happen.

The resolution rules for "California Retroactive Tax Prohibition Proposition" define exactly what needs to happen for each outcome to be declared a winner — including the official data sources used to determine the result. You can review the complete resolution criteria in the "Rules" section on this page above the comments. We recommend reading the rules carefully before trading, as they specify the precise conditions, edge cases, and sources that govern how this market is settled.