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Topline Democratic New York State assemblymember Zohran Mamdani’s odds of winning the New York City mayoral race reached at least 99% in multiple betting markets Tuesday, as the first votes were counted after polls closed in the race also featuring former New York Gov. Andrew Cuomo and Republican nominee Curits Sliwa. Betting odds favored Mamdani by a large margin hours before polls closed. (Photo by LEONARDO MUNOZ/AFP via Getty Images) AFP via Getty Images Timeline 9:14 p.m. ESTMamdani’s odds on prediction market Kalshi rose to 98%, while Polymarket showed a 100% chance. 8:45 p.m. ESTThe New York City Board of Elections reported 2 million votes had been cast—the most in a mayoral election since 1969. 8:40 p.m. ESTMamdani’s odds on Kalshi hit 95%, while Polymarket showed a 97% chance for the self-described democratic socialist to become the next mayor. 6 p.m. ESTVoter turnout in New York City reached over 1.8 million, the city’s highest in a mayoral election turnout since 1993, according to The New York Times, which noted turnout is on pace to surpass 2 million votes. 5:30 p.m. ESTMamdani’s odds of victory reached 93% on Kalshi and as high as 94.6% on Polymarket on Tuesday afternoon. 3 p.m. ESTCuomo’s odds were at 7% on Kalshi and 5.5% on Polymarket around the same time, while Sliwa’s odds of winning were around 1% on both betting sites. 6 a.m. ESTPolls opened in New York City, set to remain open through 9 p.m. Get Forbes Breaking News Text Alerts: We’re launching text message alerts so you’ll always know the biggest stories shaping the day’s headlines. Text “Alerts” to (201) 335-0739 or sign up here. What Billionaires Have Gotten Involved In New York City’s Election? At least 26 billionaires have sunk donations into the mayoral election, with $22 million worth of funds…

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Filed under: News - @ November 5, 2025 3:28 am