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  • California Billionaire Tax Ballot Chances Drop Sharply on Kalshi Markets
    June 16, 2026, 2:53 PM EDT. Prediction market odds for a California billionaire tax appearing on the November ballot have fallen sharply from 88% to 35.5% on Kalshi this week. The decline follows reports that Governor Gavin Newsom is attempting to block the measure before the June 25 deadline. The tax, backed by the Service Employees International Union, proposes a one-time 5% levy on billionaires' net worth, targeting about 200 individuals holding $2 trillion collectively. Supporters argue it will fund healthcare after federal cuts. Despite submitting over 1.5 million signatures, Newsom's opposition coincides with his potential 2024 presidential run and recent accusations against former President Trump. The union needs 875,000 signatures for the measure to qualify.

Latest articles

Ford Shares Dip After China Software Rule Adds Fresh Risk

Ford Shares Dip After China Software Rule Adds Fresh Risk

16 June 2026
Ford shares slipped 1.1% to $14.61 after Reuters reported the company needs U.S. approval to keep importing China-built Lincoln Nautilus SUVs due to new connected-vehicle rules, raising fresh regulatory uncertainty for investors ahead of Ford’s expected Q2 earnings report.
MARA Holdings Jumps After Bitcoin Treasury Update Brings Miner Into View

MARA Holdings Jumps After Bitcoin Treasury Update Brings Miner Into View

16 June 2026
MARA Holdings surged 2.1% to $14.94 on heavy volume, outperforming the Nasdaq, as investors focused on speculation about a 1,000-Bitcoin treasury purchase reported by Crypto.news, though MARA has not confirmed the transaction; the stock’s rally comes despite Q1 revenue and net loss declines, with analysts holding a mixed view and price targets averaging $17–$18.38, reflecting high volatility and ongoing execution risks.
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