Two new addresses have placed a $244.6k bet on the billionaire wealth tax proposal's potential passage in the California election. On the prediction market Polymarket, in the past day, an account reported yesterday added $35.1k to its bet on the billionaire wealth tax proposal's potential passage in the 2026 California election. The average opening price was 44¢, and the current price is 39¢. Another new address placed a $200.3k bet at an average opening price of 54¢, bringing the total bet across both addresses to $244.6k. This proposal, called the 2026 Billionaire Tax Act, is still in the voter advocacy stage. It requires sufficient signatures (approximately 875,000 valid signatures) to be collected by the end of June 2026 to be included in the official state ballot in November. It has not yet become law or an official voter resolution. Advocates hope to raise funds for healthcare and other public services through this one-time tax, but voting has not yet begun. Opponents include California Governor Newsom, business leaders, and some political and economic scholars. They believe the tax could harm the business investment environment and, if passed, lead to the exodus of wealthy individuals and businesses, thus weakening California's economy. Critics warn that it would diminish job opportunities, capital inflows, and the foundation of the technology industry. Account: 0x811b9e81f7d36a2ccde94a837c3524882b667006 0x04059a17569cc586081cfadad1cda190710bda82 Total Opening Positions: $244.6k --------------------------------- See the future sooner, follow @PolyBeats_Bot See tomorrow, today. Follow @PolyBeatsEN