This contract asks whether Florida Amendment 3 will pass. The Kalshi event names it "Increased Homestead Exemption; Lower Cap on Increases in Non-Homestead Property Assessments" [1]. The Polymarket event describes the same measure as a Florida legislatively referred constitutional amendment also known as "Save Our Homes from Excessive Property Taxes" and as the "Homestead Tax Exemptions, Property Assessments, and Spending Restrictions Amendment" [2]. Polymarket states that the measure is scheduled for voting as a ballot measure on November 3, 2026 [2]. The two platforms use different wording for their rules, so the terms should be read separately. On Kalshi, the market resolves to Yes if the amendment passes. The market may resolve early once a consensus of designated media sources has declared a winner, and it will close and expire early if the event occurs [1]. On Polymarket, the market resolves to Yes if the measure is approved by the numerical voter threshold required for it to pass at the statewide general election. Otherwise it resolves to No [2]. Polymarket also sets a fallback date. If voting does not occur, or the results are not known definitively, by March 31, 2027, the market resolves to No [2]. Its rules say that subsequent litigation or any failure to implement the measure has no effect on resolution [2]. Resolution is based on a consensus of credible reporting, and if that is ambiguous, on official information from the State of Florida, including the Florida Department of State [2]. The Polymarket listed end time is November 4, 2026, at 04:59 UTC [2]. This is the market's closing time and is separate from the November 3 vote and from any later resolution. The Kalshi excerpt lists no end time [1], and its market record shows an end date of November 10, 2027 [1]. That field is a provider data point rather than an announced event date, and the excerpt does not explain it, so it should not be read as a scheduled date for the vote or for resolution.

Historical Context

The supplied background concerns a different measure. The 2022 Florida Amendment 1 was a proposed amendment to the Florida Constitution that would have let state lawmakers change property tax rules regarding flood resistance. It failed on November 8, 2022, with 57.26 percent support, short of the 60 percent majority required by state law. The source notes that this was only slightly lower than the 2006 vote that set the 60 percent requirement [3]. This history does not establish the threshold for Amendment 3. Polymarket refers only to the numerical threshold required for passage [2]. A separate Wikipedia list covers ballot measures certified for the 2026 United States elections [4], but the supplied excerpt does not show an entry for Amendment 3.

Frequently Asked Questions