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Cryptocurrency bookmakers slightly raised odds that California’s one-time billionaire wealth tax will pass in this year’s general election.

Prediction Markets Wager on Passage Odds

Polygon-based Polymarket currently prices this outcome at 32%, up 1 percentage point over the past week and 4 points over the past month.

The proposal has officially qualified to appear on California’s ballot for the Nov. 3 general election.

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Over $3 million has been wagered on the outcome. The market resolves to “Yes” if a proposal containing a one-time 5% tax on accumulated…