TRADERS FLOOD MARKETS WITH BETS AS SOCIALIST CANDIDATE NEARS CERTAINTY
Prediction platform Polymarket is showing Zohran Mamdani with a striking 94 percent chance of winning the upcoming New York City mayoral election, according to the latest market data. The surge makes Mamdani the overwhelming favorite in the city’s most closely watched political contest.
The decentralized betting exchange has seen trading volume spike in recent days, with investors “flooding” the platform’s New York City market to wager on Mamdani’s expected victory. Analysts say the figures reflect near-total confidence among traders that the socialist candidate will secure the win.
While Polymarket odds are not official polls, they often serve as a real-time indicator of market sentiment and insider expectations. The site’s prediction contracts adjust dynamically as users respond to campaign developments, media coverage, and early voting data.
Mamdani, a Democratic Socialist and current state assemblyman, has built his campaign around housing reform, public-sector investment, and wealth redistribution—policies that have energized progressive voters across New York’s five boroughs.
Reports in the New York Post and other outlets note that some large overseas bets may be influencing the odds, with analysts cautioning that foreign “whale” activity could exaggerate Mamdani’s apparent advantage. Even so, market participants say his dominance is undeniable.
As of this week, Mamdani’s “Yes” shares traded at $0.94 on the dollar, signaling overwhelming market belief in his success. By comparison, other contenders remain far behind, with none exceeding a 10 percent chance of victory.
Experts emphasize that betting markets measure where money flows—not actual votes—but the trend underscores how decisively traders expect Mamdani to prevail.
The New York City mayoral election is scheduled for November 4, 2025, with results to be certified the following day.
