With New York City heading into a decisive mayoral election, prediction markets are placing their bets on Democratic candidate Zohran Mamdani. On Polymarket, Mamdani has a 91% chance of victory, while Kalshi gives him a 90% chance, a strong lead over Republican Curtis Sliwa and former Governor Andrew Cuomo , who is running as an Independent, and are currently sitting on 8% and 1% respectively.

Betting market prediction: Zohran Mamdani takes lead in NYC mayoral race

After the NYC poll survey showed voters favouring Mamdani despite Cuomo and Sliwa closing the gap, betting markets are also placing the young socialist in a strong winning position. Mamdani’s dominance hasn’t waned, even after Mayor Eric Adams dropped out of the race in September or when billionaire Elon Musk endorsed Cuom

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