"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."
"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:"
Cryptocurrency bettors have placed $303,797,754 in total volume on the New York City mayoral market, producing a near-unanimous pricing outcome. Zohran Mamdani trades around a 95% implied probability on Polymarket, with his contract handling roughly $75.4 million in turnover and odds moving toward 100% after a July flip. Andrew Cuomo's line sits near 4% after about $18.36 million in wagers. Other candidates, including Curtis Sliwa, Eric Adams, and Jim Walden, trade below 1%. Traders have concentrated risk heavily in Mamdani while using other contracts primarily for hedges and fading. Prediction markets aggregate real-money positioning from many traders.
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