---
title: "Will New Mexico expand its FAIR Plan?"
canonical_url: https://betcrypto.now/events/will-new-mexico-expand-its-fair-plan
status: live
trading_closes_at: 2027-08-01T03:59:00+00:00
total_volume_usd: 54
venues: ["Kalshi"]
categories: ["Politics"]
prices_as_of: 2026-10-09T09:52:28+00:00
publisher: BetCrypto
data_api: https://betcrypto.now/api/v1/events/will-new-mexico-expand-its-fair-plan
---

# Will New Mexico expand its FAIR Plan?

Live · $54 traded · listed on Kalshi

## About

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.

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.

_From Kalshi's listing._

## Main market

| Outcome | Probability | Cheapest | Kalshi |
|---|---|---|---|
| No | — | — | — |
| Yes | — | — | — |

## Open on a venue

- [Kalshi](https://betcrypto.now/go/e/304281?via=md)

---

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