Prediction market traders give Mamdani 84% chance of winning New York mayoral race

Traders on the prediction market platform Kalshi now place the odds of Democratic socialist Zohran Mamdani winning the New York mayoral race at 84%, after Mayor Eric Adams ended his re-election campaign on Sunday, just five weeks before Election Day.Former Gov. Andrew Cuomo, who is running as an Independent, follows as the next most likely contender, with Kalshi bettors assigning him a 16% chance of clinching the city’s top office.Meanwhile, Republican candidate Curtis Sliwa trails at 2%.The trading volume, or the total dollar amount wagered on this market, sits just north of $28 million. CLIC