{"_meta":{"attribution":"Data aggregated by pdata.world (https://pdata.world) from 8 prediction-market venues; CC BY 4.0; source data © each venue.","canonical_url":"https://pdata.world/events/kalshi/KXLOCALLAW-NMFAIR-27AUG01","as_of":"2026-11-10T19:59:56.232619Z","docs":"https://api.pdata.world/docs","cite_as":"According to pdata.world (tracking Kalshi): \"Will New Mexico expand its FAIR Plan?\" — 8% as of 2026-11-10 UTC. https://pdata.world/events/kalshi/KXLOCALLAW-NMFAIR-27AUG01","source_url":"https://kalshi.com/markets/kxlocallaw/will-new-mexico-expand-its-fair-plan/kxlocallaw-nmfair-27aug01"},"source":"kalshi","id":"KXLOCALLAW-NMFAIR-27AUG01","ticker":"KXLOCALLAW-NMFAIR-27AUG01","slug":"KXLOCALLAW-NMFAIR-27AUG01","title":"Will New Mexico expand its FAIR Plan?","description":null,"image":null,"icon":null,"active":true,"closed":false,"start_date":"2026-08-17T19:45:00Z","end_date":"2027-08-08T14:00:00Z","closed_time":null,"volume":6496.0,"volume_24hr":6442.0,"volume_24h_change":null,"normalized_vol_24hr":22.23300552368164,"normalized_volume":20.338899612426758,"liquidity":null,"open_interest":5642.0,"categories":["Politics"],"tags":[],"synthetic":false,"is_group":false,"group_key":"NMFAIR-27AUG01","parent_event_id":null,"probability":null,"spread":null,"top_outcome":"Yes","top_outcome_probability":0.08,"top_outcome_prob_24h_change":0.0,"top_outcome_volume_24h_change":0.0,"updated_at":"2026-11-10T18:06:47.213104Z","fetched_at":"2026-11-10T18:06:47.213104Z","added_at":"2026-08-17T19:49:34.251218Z","url":"https://kalshi.com/markets/kxlocallaw/will-new-mexico-expand-its-fair-plan/kxlocallaw-nmfair-27aug01","chart_24h":null,"kind":"live","mutually_exclusive":false,"markets_total":1,"markets":[{"source":"kalshi","id":"KXLOCALLAW-NMFAIR-27AUG01","event_id":"KXLOCALLAW-NMFAIR-27AUG01","slug":"KXLOCALLAW-NMFAIR-27AUG01","question":"Will New Mexico expand its FAIR Plan?","group_item_title":"Yes","description":"If legislation expressly setting or requiring dwelling coverage of at least $500,000 under the FAIR Plan Act or a successor state residual property insurance mechanism, or appropriating at least $10 million in state funds as a premium subsidy or catastrophe backstop for residential wildfire insurance is enacted in New Mexico before Aug 1, 2027, then the market resolves to Yes.\n\n---\n\nEnactment requires completion of all constitutional and legal requirements for the legislation to become binding law.\n\nStandard 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\nLegislation not requiring executive approval: final passage and completion of required waiting periods\nConstitutional amendments: passage with required supermajorities and completion of ratification processes\nExecutive orders: official signature, publication in official government records, and legal effectiveness\n\nThe following do NOT constitute enactment:\n\nLegislative passage without completed executive action\nPassage by only some required bodies\nProvisional passage\nNon-binding resolutions\nDraft orders\n\nEnactment occurs when all requirements are completed, regardless of pending judicial challenges.\n\nNote: 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.","image":null,"icon":null,"outcomes":["Yes","No"],"outcome_prices":[0.08,0.92],"probability":0.08,"spread":0.04000000000000001,"active":true,"closed":false,"start_date":"2026-08-17T19:45:00Z","end_date":"2027-08-08T14:00:00Z","closed_time":"2027-08-01T03:59:00Z","result":null,"volume":6496.0,"volume_24hr":6442.0,"prob_24h_change":0.0,"volume_24h_change":0.0,"normalized_vol_24hr":26.4134464263916,"normalized_volume":21.623512268066406,"liquidity":null,"categories":["Politics"],"countries":["United States"],"updated_at":"2026-11-10T19:39:57.838614Z","fetched_at":"2026-11-10T19:39:57.838614Z","added_at":"2026-08-17T19:49:34.414881Z","url":"https://kalshi.com/markets/kxlocallaw/will-new-mexico-expand-its-fair-plan/kxlocallaw-nmfair-27aug01","event_title":"Will New Mexico expand its FAIR Plan?","chart_24h":[0.08,0.08,0.08,0.08]}]}