[{"id":"tx","title":"Texas governor","place":"TX","type":"Governor","candidates":["Greg Abbott (R)","Gina Hinojosa (D)"],"tags":["Data centers","Utilities"],"tickers":["SRE","CNP","AEP","ETR","XEL"],"impact":"Power access, buildout timing and who funds new infrastructure.","action":"Governor appointments, permitting policy and the 2027 legislative session can shape project economics.","limit":"Both candidates have called for pauses or tougher conditions. A new governor does not replace the whole utility commission immediately.","sources":[{"title":"S&P Global \u00b7 State energy elections \u00b7 Oct 29","url":"https://www.spglobal.com/energy/en/news-research/latest-news/electric-power/102926-factbox-affordability-energy-transition-on-ballot-in-us-state-elections"}],"priority":"Priority","personal":false},{"id":"mi","title":"Michigan Senate","place":"MI","type":"Senate","candidates":["Abdul El-Sayed (D)","Mike Rogers (R)"],"tags":["Congress"],"tickers":[],"impact":"Senate control determines committee leadership and confirmation votes.","action":"One seat affects the majority, committee control and confirmation votes.","limit":"Changes to federal regulation require legislation or action by the responsible agencies. This entry tracks the seat\u2019s contribution to Senate control.","sources":[{"title":"U.S. Senate \u00b7 Voting thresholds","url":"https://www.senate.gov/about/powers-procedures/voting.htm"}],"priority":"DSA watch","personal":false},{"id":"ca40","title":"California Proposition 40","place":"CA","type":"Ballot","candidates":["Yes: one-time wealth tax","No: reject tax"],"tags":["Taxes","Big Tech"],"tickers":[],"impact":"Covered shareholders may need to adjust financing or asset holdings to pay the tax. Company earnings are not taxed directly by the measure.","action":"Would impose a one-time 5% wealth tax on covered billionaires, due in 2027, with an installment option.","limit":"Passage and implementation are different events. Propositions 41/42 and court decisions can affect whether it takes effect.","sources":[{"title":"California \u00b7 Official Prop 40 analysis","url":"https://voterguide.sos.ca.gov/propositions/40/analysis.htm"}],"priority":"Priority","personal":false},{"id":"caeffective","title":"California wealth tax: implementation","place":"CA","type":"Ballot","candidates":["Legally operative / defeats opposing measures"],"tags":["Taxes","Big Tech"],"tickers":[],"impact":"Separates majority support for the tax from its ability to take effect.","action":"Track the legal-effect contract and the separate opposing-propositions contract.","limit":"The contracts use different settlement tests and deadlines. Their prices are not directly comparable.","sources":[{"title":"California \u00b7 Official Prop 40 analysis","url":"https://voterguide.sos.ca.gov/propositions/40/analysis.htm"}],"priority":"Priority","personal":false},{"id":"house","title":"U.S. House control","place":"US","type":"Congress","candidates":["Democratic majority","Republican majority"],"tags":["Congress","Big Tech","Crypto"],"tickers":[],"impact":"Legislative agenda, spending negotiations and investigative authority.","action":"A House majority can block new legislation and direct committee oversight.","limit":"The House cannot enact laws alone or confirm presidential nominees.","sources":[{"title":"UBS \u00b7 Election Watch 2026 \u00b7 Oct 3","url":"https://www.ubs.com/us/en/wealth-management/insights/investment-research/us-elections.html"},{"title":"U.S. Senate \u00b7 Voting thresholds","url":"https://www.senate.gov/about/powers-procedures/voting.htm"}],"priority":"Priority","personal":false},{"id":"senate","title":"U.S. Senate control","place":"US","type":"Congress","candidates":["Democratic majority","Republican majority"],"tags":["Congress","Crypto","Big Tech"],"tickers":[],"impact":"Confirmation votes, committee leadership and the legislative agenda.","action":"Senate control lets the majority reject nominees and shape oversight.","limit":"Most contested legislation still needs 60 votes for cloture; overriding a veto takes two thirds in both chambers.","sources":[{"title":"UBS \u00b7 Election Watch 2026 \u00b7 Oct 3","url":"https://www.ubs.com/us/en/wealth-management/insights/investment-research/us-elections.html"},{"title":"U.S. Senate \u00b7 Voting thresholds","url":"https://www.senate.gov/about/powers-procedures/voting.htm"}],"priority":"Priority","personal":false},{"id":"senate53","title":"53+ Democratic Senate seats","place":"US","type":"Congress","candidates":["Above 52 seats","52 or fewer"],"tags":["Congress"],"tickers":[],"impact":"With 53 seats, a caucus can lose two votes and retain a 51-vote majority when all senators vote.","action":"A 53-seat caucus changes majority-vote arithmetic and negotiating flexibility.","limit":"Contested legislation generally requires 60 votes for cloture; a veto override requires two thirds in each chamber. Review the contract\u2019s definition of Democratic seats.","sources":[{"title":"U.S. Senate \u00b7 Voting thresholds","url":"https://www.senate.gov/about/powers-procedures/voting.htm"}],"priority":"Priority","personal":false},{"id":"ga","title":"Georgia utility commission","place":"GA","type":"Regulator","candidates":["D3: Hubbard (D) / Johnson (R)","D5: Edwards (D) / Tolbert (R)"],"tags":["Utilities","Data centers"],"tickers":["SO"],"impact":"Potential change in who approves Georgia Power rates and investment recovery.","action":"If Hubbard and Edwards both win, Democrats gain a 3\u20132 commission majority.","limit":"The majority depends on both seats. Changing existing approvals requires subsequent commission or legal action.","sources":[{"title":"Atlanta Journal-Constitution \u00b7 Commission control","url":"https://www.ajc.com/politics/2026/10/millions-spent-on-georgia-psc-races/"}],"priority":"Market","personal":false},{"id":"oh","title":"Ohio Senate","place":"OH","type":"Senate","candidates":["Sherrod Brown (D)","Jon Husted (R)"],"tags":["Congress","Crypto","Banks"],"tickers":[],"impact":"Brown\u2019s return could affect committee leadership and oversight of banks and crypto companies.","action":"Brown\u2019s return could influence seniority and Banking/Agriculture leadership choices.","limit":"Committee assignments remain conditional. TD Cowen describes possible appointments.","sources":[{"title":"TD Cowen \u00b7 Financials & crypto \u00b7 Oct 8","url":"https://www.tdsecurities.com/ca/en/tdc-two-cents-midterm-election-mean-for-financials"}],"priority":"Market","personal":false},{"id":"fl","title":"Florida governor","place":"FL","type":"Governor","candidates":["Byron Donalds (R)","David Jolly (D)"],"tags":["Insurance","Utilities","Data centers"],"tickers":["NEE"],"impact":"Property-insurance market structure and utility policy.","action":"Jolly proposes a public catastrophe fund; Donalds emphasizes preserving tort reforms and private-market participation.","limit":"Restructuring the insurance market would require further legislative and legal steps.","sources":[{"title":"Florida \u00b7 Insurance policy comparison","url":"https://www.fox13news.com/news/floridas-governors-race-where-byron-donalds-david-jolly-stand-key-issues"}],"priority":"Market","personal":false},{"id":"wi","title":"Wisconsin governor","place":"WI","type":"Governor","candidates":["David Crowley (D)","Tom Tiffany (R)"],"tags":["Data centers","Utilities"],"tickers":[],"impact":"Development conditions, local authority and infrastructure obligations.","action":"Crowley proposes union-labor and energy-efficiency contribution requirements for data centers.","limit":"Both candidates criticize shifting costs to households. Project costs depend on the conditions that are enacted and enforced.","sources":[{"title":"Wisconsin Examiner \u00b7 Data center conditions","url":"https://wisconsinexaminer.com/2026/08/18/data-centers-become-a-focus-as-governors-race-takes-off/"},{"title":"S&P Global \u00b7 State energy elections \u00b7 Oct 29","url":"https://www.spglobal.com/energy/en/news-research/latest-news/electric-power/102926-factbox-affordability-energy-transition-on-ballot-in-us-state-elections"}],"priority":"Market","personal":false},{"id":"azag","title":"Arizona attorney general","place":"AZ","type":"Attorney general","candidates":["Kris Mayes (D)","Warren Petersen (R)"],"tags":["Betting","Crypto"],"tickers":[],"impact":"Control of an office already pursuing prediction-market enforcement.","action":"Mayes\u2019s office has charged Kalshi over alleged illegal gambling and election wagering.","limit":"Case outcomes depend on prosecutorial decisions and court rulings, including federal preemption questions.","sources":[{"title":"Arizona AG \u00b7 Kalshi enforcement","url":"https://www.azag.gov/press-release/attorney-general-mayes-charges-kalshi-illegal-gambling-operation-election-wagering"}],"priority":"Market","personal":false},{"id":"azcc","title":"Arizona Corporation Commission","place":"AZ","type":"Regulator","candidates":["Kevin Thompson / Ralph Heap (R)","Jonathon Hill / Clara Pratte (D)"],"tags":["Utilities","Data centers"],"tickers":["PNW"],"impact":"Utility rate setting, cost recovery and power development.","action":"Two commission seats are on the ballot.","limit":"Even two Democratic wins would leave a 3\u20132 Republican majority.","sources":[{"title":"KJZZ \u00b7 Commission majority limits","url":"https://www.kjzz.org/text/politics/2026-09-23/can-democrats-effect-change-if-they-win-seats-in-this-years-az-corporation-commission-election"}],"priority":"Market","personal":false},{"id":"ca41","title":"California Proposition 41","place":"CA","type":"Ballot","candidates":["Yes: new-tax restrictions","No: reject restrictions"],"tags":["Taxes","Big Tech"],"tickers":[],"impact":"A companion measure that can change the wealth-tax outcome.","action":"Limits new taxes that exclude proceeds from the state spending limit.","limit":"Track affirmative vote totals alongside 40. Conflicts and court interpretation determine implementation.","sources":[{"title":"California \u00b7 Official Prop 40 analysis","url":"https://voterguide.sos.ca.gov/propositions/40/analysis.htm"}],"priority":"Priority","personal":false},{"id":"ca42","title":"California Proposition 42","place":"CA","type":"Ballot","candidates":["Yes: property-tax restrictions","No: reject restrictions"],"tags":["Taxes","Big Tech"],"tickers":[],"impact":"Another possible barrier to implementation of Proposition 40.","action":"Would prohibit certain new personal-property and retroactive state taxes.","limit":"Compare affirmative vote totals across the competing measures. Court decisions may determine whether their provisions conflict.","sources":[{"title":"California \u00b7 Official Prop 40 analysis","url":"https://voterguide.sos.ca.gov/propositions/40/analysis.htm"}],"priority":"Priority","personal":false},{"id":"ma","title":"Massachusetts Question 8","place":"MA","type":"Ballot","candidates":["Yes: repeal adult-use sales","No: retain adult-use sales"],"tags":["Cannabis"],"tickers":[],"impact":"Direct retail-market exposure for cannabis operators with Massachusetts businesses.","action":"Would repeal recreational retail-sales laws while retaining the medical market.","limit":"Company exposure depends on Massachusetts revenue and licenses.","sources":[{"title":"Massachusetts \u00b7 Official Question 8 guide","url":"https://www.sec.state.ma.us/divisions/elections/research-and-statistics/2026-Information-for-voters/2026-ballot-question8.htm"}],"priority":"Sector","personal":false}]