Will the Swiss referendum over property taxes on second homes pass?

A Swiss referendum over a federal decree on cantonal property taxes on second homes has been scheduled for September 28, 2025. You can read more about that here: https://www.admin.ch/gov/en/start/documentation/votes/20250928/federal-decree-on-cantonal-property-taxes-on-second-homes.html This market will resolve to "Yes" if the referendum passes with the requisite voter turnout threshold met. Otherwise, this market will resolve to "No".​ If the referendum is permanently canceled or delayed beyond January 31, 2026 ET, this market will resolve to “No”. The primary resolution source for this market will be official information from the Government of Switzerland, however a consensus of credible reporting may also be used.