Traders on the prediction market platform Kalshi now place the odds of Democratic socialist Zohran Mamdani winning the New York mayoral race at 84%, after Mayor Eric Adams ended his re-election campaign on Sunday, just five weeks before Election Day.

Former Gov. Andrew Cuomo , who is running as an Independent, follows as the next most likely contender, with Kalshi bettors assigning him a 16% chance of clinching the city’s top office.

Meanwhile, Republican candidate Curtis Sliwa trails at 2%.

The trading volume, or the total dollar amount wagered on this market, sits just north of $28 million.

Mamdani, a 33-year-old democratic socialist upstart, has placed affordability at the center of his campaign to lead America’s largest city. He has campaigned on free buses, city-owned

See Full Page