Crypto Prediction Markets Accurately Forecast NYC Mayor Race as Mamdani Defeats Cuomo

Crypto prediction markets have notched another victory, correctly calling the New York City mayoral race in favor of democratic socialist Zohran Mamdani. The 34-year-old secured just over 50% of the vote, defeating Andrew Cuomo by a decisive 9-point margin.

Polymarket, the leading blockchain-based prediction platform, had assigned Mamdani a 95% win probability on election eve. This marks the latest in a string of electoral forecasting successes for crypto-native platforms, which continue to outperform traditional polling methods.

The historic election makes Mamdani NYC's first Muslim mayor, first of South Asian heritage, and first African-born leader. The three-term Queens assemblyman's victory follows his 12-point primary win over Cuomo last June.

With over 2 million ballots cast, voter turnout reached levels unseen since 1969. The results validate prediction markets' growing role in political forecasting, demonstrating blockchain technology's capacity to aggregate crowd wisdom more accurately than conventional surveys.