Zohran Mamdani Leads NYC Mayoral Race with 83% Odds After Eric Adams’ Exit
Prediction market platform Kalshi shows Democratic newcomer Zohran Mamdani with an 83% chance of winning New York City's mayoral race following incumbent Eric Adams' withdrawal. Former Governor Andrew Cuomo trails at 16%, while Republican Curtis Sliwa holds just 2% support.
Adams, known as the 'Bitcoin Mayor,' cited fundraising challenges as the reason for ending his campaign. His exit sets the stage for a showdown between Mamdani and Cuomo with just over a month until Election Day.
The political shift comes as cryptocurrency remains a focal point in national politics, with former President Donald Trump recently threatening action on crypto regulations. The market implications of this leadership change in one of America's financial capitals remain uncertain.
