Capital gains tax increase before election day?

This market will resolve to “Yes” if, by Nov 4, 2024, 11:59 PM ET a bill is signed into law in the U.S. which effectively increases the top net long-term capital gains tax rate for individuals to a rate higher than 20%. Otherwise, this market will resolve to "No." Note: if a bill has the effect of treating net long-term capital gains as ordinary income, and the top rate on the income is above 20%, it will suffice to resolve this market to "Yes." Surtaxes or other modifications to what is considered long-term capital gains will not suffice to resolve this market to "Yes."

How trading works

Polymarket uses a central limit order book (CLOB) model — you can buy or sell shares of any outcome at the current market price, or place limit orders at your target price. All positions are settled in USDC when the market resolves.

Resolution

Markets resolve through UMA's Optimistic Oracle. After the market closes, a proposer submits a resolution, followed by a 2-hour dispute window. If no dispute is raised, the resolution is accepted. Disputed markets go to UMA token holder vote.