Zohran Mamdani, a self-described socialist and New York State Assembly member, has reached record-high betting odds on prediction platform Polymarket, where traders now give him an 82% chance of becoming the next mayor of New York City.
The sharp rise in odds reflects growing confidence among bettors in Mamdani’s prospects, though prediction market figures are not a guarantee of electoral outcomes. Political analysts say his surge could be tied to recent polling strength, heightened media visibility, and grassroots fundraising momentum.
Mamdani, who represents parts of Queens, has built his platform on progressive housing policies, public transit investment, and rent control expansion. He has not formally commented on the Polymarket data.
The New York City mayoral election is still months away, and the race is expected to intensify as other candidates ramp up campaigning.
