Is Zohran Mamdani ‘A Bond’ To Win NYC Mayor Race? This Polymarket Trader Bet $1 Million On Yes
A trader on prediction platform Polymarket has placed a $1.05 million bet on Zohran Mamdani (D-NY) to win the New York mayoral race.
Whale Treats Election Bet Like a Yield Trade
At about 89 cents per share, the position could return roughly $127,000 if the market resolves in the trader’s favor.
The wager drew attention across prediction circles after Polymarket captioned the trade, “Is this a bond?” — a nod to how political contracts are increasingly viewed as yield-style investments rather than speculation.
The record bet comes as prediction markets gain mainstream traction among institutional traders and crypto-native investors seeking new ways to price political risk.
Polymarket volumes have surged in 2025 alongside a wave of election-related events and macro uncertainty.
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