Will Mamdani raise the minimum wage to $30 before 2027?: Yes

Resolution

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1. 1
   Version 1, currentsince I first saw it, 33 h ago
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   Title

   Will Mamdani raise the minimum wage to $30 before 2027?

   Outcome

   Yes

   Rules

   If a bill establishing a minimum wage of at least $30 per hour for New York City set to go in effect 2030 or earlier has become law in New York City before Jan 1, 2027, then the market resolves to Yes.

   More rules

   Laws passed by New York State are encompassed within the Payout Criterion if they apply to or govern New York City. Enactment requires completion of all constitutional and legal requirements for the legislation to become binding law. For standard legislation requiring executive approval, this includes 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. For legislation not requiring executive approval, this includes final passage and completion of required waiting periods. For constitutional amendments, this includes passage with required supermajorities and completion of ratification processes. For executive orders, this includes official signature, publication in official government records, and legal effectiveness. Legislative passage without completed executive action, passage by only some required bodies, provisional passage, non-binding resolutions, and draft orders do not constitute enactment. Enactment occurs when all requirements are completed, regardless of pending judicial challenges.

   Note: This event was issued before the September 14, 2026 amendment to the LAW Contract, so that amendment does not apply. To be clear, a law must take legal effect before this event’s deadline; a law enacted before the deadline whose effective date falls on or after it does not satisfy the Payout Criterion.

   Close time

   Jan 1, 2027, 04:59 UTC

   Expiration

   Jan 8, 2027, 15:00 UTC

   Early close

   This market will close and expire early if the law is enacted

2. 1
   First recordedNov 7, 2026, 14:52 UTC

   Saved when the market first traded, or when someone first watched it.