Zohran Mamdani Emerges as Top Choice for NYC Mayor Among Crypto Bettors at 100% Odds — And He Has Just Secured Victory

Written by Emily J. Thompson, Senior Investment Analyst

POL-1.102%

BTC+0.024%

ZEC+2.944%

Source: benzinga_crypto

Updated: Nov 05 2025

0mins

Source: benzinga_crypto

Election Outcome: Zohran Mamdani won the New York City mayoral race, a result anticipated by cryptocurrency bettors, with a 100% chance of victory on Polymarket and significant betting activity totaling over $400 million.
Significance of Victory: Mamdani, at 33, becomes the youngest and first Muslim mayor of New York City, receiving support from prominent figures like Senators Elizabeth Warren and Bernie Sanders, while facing criticism from Donald Trump.
Betting Insights: A bettor placed a $1.05 million wager on Mamdani, expecting a profit of $127,000, while Kalshi, a federally-regulated prediction platform, indicated a 98% probability of his win.
Political Endorsements: The race drew national attention, with Trump endorsing Cuomo and warning of dire consequences for the city if Mamdani were to win, while Mamdani's campaign focused on public welfare issues.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

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Zohran Mamdani Emerges as Top Choice for NYC Mayor Among Crypto Bettors at 100% Odds — And He Has Just Secured Victory

About the author

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