Crypto markets bet over $300 million on New York City mayor race
Cryptocurrency bettors have piled into the New York City mayoral market with $303,797,754 in total volume, and the pricing is close to unanimous. On Polymarket, Zohran Mamdani trades at a 95% implied probability, with Yes at 95.5¢ and No at 4.6¢. His contract has handled about $75,399,890 in turnover, and his odds have marched toward 100% since the July flip that knocked Andrew Cuomo out of pole position. New York City Mayoral Election. Source: Polymarket Cuomo’s line sits at 4%, with Yes at 4.1¢ and No at 96.1¢, after absorbing roughly $18,356,111 in wagers. The odds represent a dramatic consolidation of support in recent months. Mamdani’s line has climbed steadily through summer, while rivals have collapsed to near zero. Curtis Sliwa, pro-Bitcoin Eric Adams, and Jim Walden all trade below 1%. The spread across runners tells the same story as the chart: traders have concentrated risk almost entirely in Mamdani, while liquidity on the rest of the field fu...