Betting Heavily on Zohran Mamdani for NYC's 2025 Mayor: Kalshi's Insights
Potential contender for NYC mayoral position under Democratic ticket attracts significant live betting interest from a large sum of individuals.
The race for NYC's 2025 mayor is getting hotter, and the city's prediction platform, Kalshi, has made some intriguing predictions about the contenders.
In the mayoral race, 33-year-old Democratic socialist state assemblyman Zohran Mamdani is currently Kalshi's favorite to win the Democratic Party nomination, with a whopping 56% probability, while former Governor Andrew Cuomo trails behind at 44%.
Mamdani's strong showing has attracted considerable attention and interest from bettors, who have invested over $8 million in the total series volume, according to Kalshi's website[1]. For just $0.57, you can buy a "yes" share for Mamdani, or $0.46 for a "no" share for Cuomo.
This shift in the odds reflects the impact Mamdani has made since his surprising primary win. While Cuomo's odds have dramatically decreased from around 70% earlier in June to about 5% after his primary loss[5]. There have been concerns about his lingering controversies, debates performance and his ranking in ranked-choice voting.
On the other hand, Mamdani's popularity stems from his progressive platform focused on housing reform, free childcare, and transit expansion[5]. Endorsements from prominent figures like Alexandria Ocasio-Cortez and Bernie Sanders have further boosted his chances of claiming the title of NYC's next mayor.
Other candidates such as Republican Curtis Sliwa and incumbent Independent Eric Adams, are considered long shots in the heavily Democratic city landscape[5]. In fact, bettors are betting heavily on a Democratic candidate winning, with a 82% probability, compared to a 12% chance for Eric Adams and 7% for a Republican[2].
As the primary election approaches, bettors are racing to secure their last shares before the polls close at 9 p.m. ET on Tuesday, June 24, 2025. So, if you think Mamdani has what it takes to be the city's next mayor, now's the time to make your move!
References:[1] https://www.kalshi.io/[2] https://www.foxnews.com/politics/new-york-city-mayor-primary-race-2025[3] https://www.nytimes.com/elections/2025/mayor/new-york-city[4] https://www.politico.com/2025-election/mayor/new-york-city[5] https://www.nydailynews.com/news/politics/zohran-mamdani-favored-grasp-new-york-city-mayoral-nomination-polls-show-article-1.31144104
- The investment in the NYC mayoral race, particularly in Zohran Mamdani's candidacy, has surged, with bettors investing over $8 million, reflecting the general-news interest in politics and the markets.
- Despite the strong showing of other candidates like Republican Curtis Sliwa and incumbent Independent Eric Adams, the markets favor a Democratic candidate with an 82% probability, indicating a city landscape heavily inclined towards progressive politics.
