California wealth tax market draws volume despite low passage pricing
DeFi Rate, observing prices between 3:46 PM and 5:27 PM ET on November 4, ranks the contract on the California billionaire wealth tax passing in 2026 17th overall by 24 hour volume at 974,000 dollars. The contract is priced at 3.3 cents on Kalshi.
According to DeFi Rate, the Kalshi contract on whether the California billionaire wealth tax passes in 2026 recorded 974,000 dollars in 24-hour trading volume.
The contract was priced at 3.3 cents. That places its reported price near the bottom of the contract’s payout range, despite substantial trading activity.
Volume ranking and observation window
DeFi Rate ranked the contract 17th overall by 24-hour volume. Its price observations ran from 3:46 PM to 5:27 PM ET on November 4.
The report was published on Nov 4, 2026 at 5:30 PM ET. The supplied summary provides no earlier prices or volume comparisons, so it does not establish whether expectations for passage were rising or falling.
What it means for prediction markets
- Activity and expectations differ: The 974,000 dollars in trading volume measures turnover, not support for passage.
- Low pricing is not a resolved outcome: The reported 3.3-cent price indicates low market-implied expectations, rather than certainty that the tax will fail.
- Timing matters: The figures reflect DeFi Rate’s stated observation window; the summary offers no subsequent pricing or resolution information.
Sources & attribution
- Published
- Source
- DeFi Ratedefirate.com
- Publisher
- https://defirate.com
- Source URL
- The feed did not publish this story's article address.
Full attribution under the Digital Millennium Copyright Act (DMCA), 17 U.S.C. § 512: this article is an original report by Infiniti Intelligence that summarizes the reporting of the publishers named above, links to their original work, and reproduces no protected expression beyond brief factual reference and in-line attribution (“according to DeFi Rate”). All rights in the underlying reporting remain with the publishers listed; nothing here implies endorsement by or affiliation with them. Rights holders may request correction, update or removal through the contact address published at infiniti.w3ai.io.
Related
- Prediction markets trade a record 121.28 billion dollars in October, up 58.7 percent, with Kalshi and Polymarket holding 97.7 percent of event contract volume, VIP-Grinders reports
- Alaska Senate contract gaps 7 points between venues, with Mary Peltola at about 95 percent on Kalshi against 88 percent on Polymarket US, The Prediction Network reports
- Detroit Pistons priced at 55 percent against the Philadelphia 76ers at 45 percent on Kalshi after a 6-point move, Action Network reports
- Bitcoin 15-minute contract for the window closing 7:30 PM ET prices Up at 50 cents on Kalshi and 51 percent on Polymarket US, DeFi Rate reports
- Federal judge blocks Illinois from imposing licenses, fees and taxes on sports event contracts on CFTC-regulated exchanges, WisdomOfWallets reports
- Flaznorp tops the combined daily trader board at +$302.9K, taking the lead from Multicoloured-Serf