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The Overround / Markets / Elections

Which ballot measures will pass in California?

Live prices from Kalshi, ordered by what the market thinks. These are raw ask prices, what it actually costs to take the position, margin included.

OutcomeKalshi
Proposition 3 96¢
Proposition 2 94¢
Proposition 37 95¢
Proposition 38 86¢
Proposition 42 80¢
Proposition 41 54¢
Proposition 45 38¢
Proposition 4 30¢
Proposition 5 25¢
Proposition 39 16¢
Proposition 44 14¢

Only outcomes with a live two-sided quote are shown. No Polymarket equivalent was matched with enough confidence to publish, so this page is Kalshi only. Prices as of Wed, 28 Oct 2026 21:30:22 UTC.

Your call

The market says 96%. It got there by making everyone who disagreed put money behind it. You do not have to, so this is the cheap version of the same question, and the interesting number is how far the two drift apart.

96%

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The record

What this market has cost every day since 3 July 2026, taken from the exchange's own published history. The line is the mid price, halfway between what a buyer would pay and a seller would take.

0 25 50 75 100 JulAugSeptOct Proposition 3 95 Proposition 1 88.5 Proposition 37 86

Over this window Proposition 37 went from 40.5 to 86, a move of 45.5 points toward happening.

The other 1 contract in this field is left off the chart rather than drawn in a colour nobody could tell apart; it is all in the table above. Kalshi removes a contract from its interface once it settles and Polymarket buries closed events, so this page is the copy that stays put. We also record our own snapshot once a day, independently, because a history published by the house is worth checking against one kept by somebody with no position in it.

See this on Kalshi

What settles this

Settlement source
California Secretary of State
Contract terms
Kalshi product certification (PDF)
Closes
Wed, 03 Nov 2027 04:59:00 UTC
Resolution, for the Proposition 3 contract
If Proposition 3 passes in California, then the market resolves to Yes.
Ticker
KXCABALLOTMEASURES-26NOV03

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