Verbatim from the venue. The analyst must quote these, never paraphrase.
If package of one or more measures that, by any mechanism, is projected by the Nebraska Legislative Fiscal Office to cut Nebraskans' aggregate property tax liability net of state-funded credits by at least $250 million in the package's first full year of operation, relative to the level required by law on August 17, 2026 is enacted in Nebraska before Oct 1, 2027, then the market resolves to Yes.
Enactment requires completion of all constitutional and legal requirements for the legislation to become binding law.
Standard legislation requiring executive approval: final passage by all required legislative bodies, executive signature OR becoming law despite executive inaction OR successful veto override, and satisfaction of any required waiting periods
Legislation not requiring executive approval: final passage and completion of required waiting periods
Constitutional amendments: passage with required supermajorities and completion of ratification processes
Executive orders: official signature, publication in official government records, and legal effectiveness
The following do NOT constitute enactment:
Legislative passage without completed executive action
Passage by only some required bodies
Provisional passage
Non-binding resolutions
Draft orders
Enactment occurs when all requirements are completed, regardless of pending judicial challenges.
early_close_conditionThis market will close and expire early if the law is enacted
ask1,82763¢
ask4662¢
ask1,24761¢
ask4,26627¢
spread1¢mid 27¢
bid4,10626¢
bid50022¢
bid446¢
bid2005¢
bid2,4164¢
bid6,7003¢
bid8,4402¢
bid6,9351¢
Yes bid (no ask)SizeYes
Most recent first. Price is the YES side.
No trades yet.
event_ticker
KXLOCALLAW-NE250-27OCT01
exchange_index0
expected_expiration_time2027-10-08T11:00:00Z
expiration_time2027-10-08T11:00:00Z
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latest_expiration_time2027-10-08T11:00:00Z
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market_typebinary
no_ask_dollars0.7400
no_bid_dollars0.7300
no_sub_titleYes
notional_value_dollars1.0000
occurrence_datetime2027-10-01T11:00:00Z
open_interest_fp0.00
open_time2026-08-17T19:29:00Z
previous_price_dollars0.0000
previous_yes_ask_dollars0.2700
previous_yes_bid_dollars0.2600
price_level_structurelinear_cent
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result
rules_primaryIf package of one or more measures that, by any mechanism, is projected by the Nebraska Legislative Fiscal Office to cut Nebraskans' aggregate property tax liability net of state-funded credits by at least $250 million in the package's first full year of operation, relative to the level required by law on August 17, 2026 is enacted in Nebraska before Oct 1, 2027, then the market resolves to Yes.
rules_secondaryEnactment requires completion of all constitutional and legal requirements for the legislation to become binding law.
Standard legislation requiring executive approval: final passage by all required legislative bodies, executive signature OR becoming law despite executive inaction OR successful veto override, and satisfaction of any required waiting periods
Legislation not requiring executive approval: final passage and completion of required waiting periods
Constitutional amendments: passage with required supermajorities and completion of ratification processes
Executive orders: official signature, publication in official government records, and legal effectiveness
The following do NOT constitute enactment:
Legislative passage without completed executive action
Passage by only some required bodies
Provisional passage
Non-binding resolutions
Draft orders
Enactment occurs when all requirements are completed, regardless of pending judicial challenges.
settlement_timer_seconds1800
statusactive
subtitle:: Nebraska
tickerKXLOCALLAW-NE250-27OCT01
titleWill Nebraska cut property taxes by $250 million?