Ex-SEC Official Slams Bill Ackman’s ‘Very Illegal’ Proposal Urging NYC Mayor Adams To Bet On Cuomo’s Polymarket Election Odds
Former SEC chief of staff Amanda Fischer on Sunday blasted billionaire hedge fund manager Bill Ackman‘s suggestion to NYC Mayor Eric Adams on a Polymarket betting deal, calling it “very illegal.”
Ackman Wants Adams To Bet On Cuomo’s Win Probability
In an X post, Ackman highlighted the NYC Mayoral Election odds on Polymarket, which gave Adams only 1% chance of winning, compared to 15% for Andrew Cuomo and 80% for Zohran Mamdani.
The Pershing Square Capital Management CEO suggested that Adams withdraw from the race to avoid risking his reputation and do “what is best for NYC.”
“The experts I trust predict the odds shift to approximately 50/50 in a one-on-one Cuomo/Mandami election. If the field narrows soon, the odds get even better for Cuomo,” said Ackman, a fierce critic of Mamdani’s policies.
Ackman went a step further and advised Adams to place a large bet on …
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