- What is the “California Homebuying Loan Program Proposition” market asking?
- It asks whether the following will happen: California Homebuying Loan Program Proposition Traders buy Yes shares if they think it will and No shares if they think it will not.
- What do the Yes and No prices mean?
- Right now Yes trades at 52.0¢ and No at 48.0¢. A Yes share pays $1 if the market resolves Yes, so its price is the market's implied probability: 52.0% for Yes and 48.0% for No. The two prices add up to about one dollar.
- When does this market close?
- Trading is scheduled to close on Apr 1, 2027 UTC. After the close no new trades are accepted and the outcome is settled by the resolution source.
- How does this market resolve?
- Proposition 37 is a California ballot measure currently scheduled for voting on November 3, 2026. It would create a $25 billion mortgage loan program for home buyers who make less than 200% of the area median income. This market will resolve to “Yes” if the specified ballot measure is approved by a majority of voters at the California statewide general election currently scheduled for November 3, 2026. Otherwise, this market will resolve to “No.” If voting on the specified ballot measure does not occur, or the results thereof are not known definitively, by March 31, 2027, this market will…
- What is the difference between volume, liquidity and open interest?
- 24h volume ($22.32) is the dollar value of shares traded in the last 24 hours; liquidity ($994.78) is the dollar value resting in the order book. Volume measures activity, liquidity measures how easily you can trade, and open interest measures how much is at stake.
