Two New Addresses Bet \$244,600 on Billionaire Wealth Tax Proposal to Pass in California Election

According to PolyBeats monitoring, in the prediction market Polymarket, within the last 24 hours, the account reported yesterday increased its position by $35,100 in the California 2026 election billionaire one-time wealth tax proposal, with an opening price of 44¢ and a current price of 39¢. Another new address placed a $200,300 bet with an opening price of 54¢. The total amount wagered by the two addresses is $244,600.

This proposal, known as the 2026 Billionaire Tax Act, is still in the voter initiative promotion stage, requiring enough signatures to be collected by the end of June 2026 (approximately 875,000 valid signatures) to enter the official state ballot in November. It has not yet become law or a formal voter resolution. Advocates hope to raise funds for healthcare and other public services through this one-time tax but have not reached the voting stage.

Opponents include California Governor Newsom, the business community, and some political economists, who believe that the tax could harm the business investment environment. If passed, it may lead to an exodus of billionaires and companies, thereby weakening the California economy. Critics warn that this could undermine job opportunities, capital inflows, and the technology industry base.

Account addresses:
0x811b9e81f7d36a2ccde94a837c3524882b667006;
0x04059a17569cc586081cfadad1cda190710bda82.