Zohran Mamdani Was Crypto Bettors’ Overwhelming Favorite For New York City Mayor At 100% Odds — And He Just Won

Zohran Mamdani won the high-stakes New York City mayoral race Tuesday,  a victory widely anticipated by cryptocurrency bettors, who had overwhelmingly backed the Democratic Socialist.

Prediction Markets In Mamdani’s Favor

Mamdani, the 33-year-old progressive state representative, had a 100% chance of winning the election on Polymarket, surging past his closest competitor, former New York Governor Andrew Cuomo. Over $400 million has been wagered on the outcome.

Another Polymarket contract had assigned a 70% probability that Mamdani’s winning margin would fall between 10% and 20%.

See Also: Zohran Mamdani Slams Elon Musk …

Full story available on Benzinga.com