As New York City’s mayoral race enters its final phase, betting markets are overwhelmingly backing Zohran Mamdani for a historic win. With 90% odds on both Polymarket and Kalshi, the young Democratic Socialist holds an unshakable lead over Andrew Cuomo and Curtis Sliwa. Despite Elon Musk’s late endorsement of Cuomo, markets remain confident in Mamdani’s victory. Over $459 million has been wagered, making this one of America’s most closely watched—and heavily bet—political contests.

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