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