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Who will be the Democratic nominee for NYC mayor? Millions are betting live

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Who will be the Democratic nominee for NYC mayor? Millions are betting live

Major decisions about who will be New York City’s next top mayoral candidate are set to be made Tuesday, and millions of Americans are betting live on their election odds.

Event contract platform Kalshi recently launched market predictions for multiple NYC election-related prompts, including who will reign in the top spot for Democratic mayoral nominee and the overall race winner.

The 2025 race for New York City mayor is tightening, with former Gov. Andrew Cuomo’s lead shrinking less than a week ahead of the crucial primary, a poll indicated. Zohran Mamdani, a 33-year-old Democratic socialist state assemblyman from Queens, stands in second place in the poll.

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As of Tuesday morning, Kalshi showed Mamdani with a 56% chance of winning the Democratic Party nomination this year, and Cuomo with a 44% chance. Bettors have poured more than $8 million into the total series volume, according to Kalshi’s website.

ELECTION ‘WHALE’ BETTOR MADE MUCH MORE ON TRUMP WIN THAN ORIGINALLY THOUGHT, ANALYSIS SHOWS

Buying a “yes” share for Mamdani costs roughly $0.57 while a “no” share costs $0.46; Cuomo’s “yes” share can be bought for roughly $0.46 and a “no” share for $0.56.

Kalshi market bettors are buying their last shares before NYC’s mayoral primary election closes at 9 p.m. ET Tuesday, June 24, 2025. (Getty Images)

One Kalshi user posted in the comment section that his $984.75 investment on Mamdani being confirmed as the Democrats’ nominee would make a return of $1,968.96.

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Another prediction market asks bettors who will reign as the NYC mayoral race winner between a Democrat, Republican or current Mayor Eric Adams. Eighty-two percent of bettors predicted a Democrat will win, with 12% for Eric Adams and 7% for a Republican.

Because of the large consensus for a Democratic candidate winning the blue city election, buying a “yes” share costs $0.83 and a “no” share costs $0.19.

In general, prediction markets like Kalshi and other platforms, including Polymarket and PredictIt, allow users to trade on the outcome of future events with yes-no questions. Individual trades are between $0 and $1, and contracts pay $1 if the event occurs.

While primary voting will take place until 9 p.m. ET Tuesday, more than 384,000 Democrats cast ballots in early voting, which ended on Sunday.

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The winner of the Democratic Party primary is traditionally seen as the overwhelming frontrunner in the November general election in the Democrat-dominated city.

However, this year, the general election campaign may be a bit more unpredictable with incumbent Adams running for reelection as an Independent and his approval ratings sinking to historic lows.

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Fox News’ Paul Steinhauser and Pilar Arias contributed to this report.

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US says Kuwait accidentally shot down 3 American jets

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US says Kuwait accidentally shot down 3 American jets

The U.S. and Israel have been conducting strikes against targets in Iran since Saturday morning, with the aim of toppling Tehran’s clerical regime. Iran has fired back, with retaliatory assaults featuring missiles and drones targeting several Gulf countries and American bases in the Middle East.

“All six aircrew ejected safely, have been safely recovered, and are in stable condition. Kuwait has acknowledged this incident, and we are grateful for the efforts of the Kuwaiti defense forces and their support in this ongoing operation,” Central Command said.

“The cause of the incident is under investigation. Additional information will be released as it becomes available,” it added.

In a separate statement later Monday, Central Command said that American forces had been killed during combat since the strikes began.

“As of 7:30 am ET, March 2, four U.S. service members have been killed in action. The fourth service member, who was seriously wounded during Iran’s initial attacks, eventually succumbed to their injuries,” it said.

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Major combat operations continue and our response effort is ongoing. The identities of the fallen are being withheld until 24 hours after next of kin notification,” Central Command added.

This story has been updated.

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Satellite images provide view inside Iran at war

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Satellite images provide view inside Iran at war

Smoke rises over Konarak naval base in southern Iran on Sunday. The base was one of hundreds of targets of U.S. and Israeli forces throughout the country.

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Commercial satellite images are providing a unique look at the extent of damage being done to Iran’s military facilities across the country.

The U.S. and Israeli military campaign opened with a daytime attack that struck Iranian leadership in central Tehran. Smoke was still visible rising from Ayatollah Ali Khamenei’s compound following the attack that killed the supreme leader.

An image by the company Airbus taken on Saturday shows the aftermath of an Israeli strike on Iran's Leadership House in central Tehran. Iran's Supreme Leader Ayatollah Ali Khamenei was killed in the opening wave of attacks.

An image by the company Airbus taken on Saturday shows the aftermath of an Israeli strike on Iran’s Leadership House in central Tehran. Iran’s Supreme Leader Ayatollah Ali Khamenei was killed in the opening wave of attacks.

Pléiades Neo (c) Airbus DS 2026

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Israel and the U.S. have gone on to strike targets across the country. Reports on social media indicate that there have been numerous military bases and compounds attacked all over Iran, and Iran has responded with attacks throughout the Middle East.

U.S. forces have also been striking at Iran’s navy. In a post on his social media platform, President Trump said that he had been briefed that U.S. forces had sunk nine Iranian naval vessels. U.S. Central Command did not immediately confirm that number but it did say it had struck an Iranian warship in port.

An image captured on February 28 shows a ship burning at Iran's naval base at Konarak.

An image captured on Saturday shows a ship burning at Iran’s naval base at Konarak.

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Numerous satellite images show burning vessels at Konarak naval base in southern Iran. Images also show damage to a nearby airbase where hardened hangers were struck by precision munitions.

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Hardened aircraft shelters at Konarak Airbase were struck with precision munitions.

Hardened aircraft shelters at Konarak airbase were struck with precision munitions.

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And there was extensive damage at a drone base in the same area. Iran has launched numerous drones and missiles toward Israel and U.S. military installations in Bahrain, Kuwait and Qatar. Many drones have been intercepted but videos on social media show that some have evaded air defenses and caused damage in nearby Gulf countries. In Dubai, debris from an Iranian drone damaged the iconic Burj Al Arab, according to a statement from Dubai’s government.

Buildings at an Iranian drone base at Konarak were destroyed in the strikes.

Buildings at an Iranian drone base at Konarak were destroyed in the strikes.

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Iran’s most powerful weapons are its long-range missiles. The Iranian Revolutionary Guards have hidden the missiles deep inside mountain tunnels. Images taken Sunday in the mountains of northern Iran indicate that some of those tunnels were hit in a wave of strikes.

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Following Khamenei’s death, Iran declared 40 days of mourning. Satellite images showed mourners gathering in Tehran’s Enghelab square on Sunday.

Iranian Foreign Ministry Spokesperson Esmail Baghaei told NPR on Sunday that Iran will continue to fight “foreign aggression, foreign domination.”

A White House official told NPR that Trump plans to talk to Iran’s interim leadership “eventually,” but that for now, U.S. operations continue in the region “unabated.”

A large crowd of mourners fill Enghelab Square in Tehran on Sunday, following the death of Iran's Supreme Leader Ayatollah Ali Khamenei, who was killed in an Israeli airstrike.

A large crowd of mourners fill Enghelab Square in Tehran on Sunday, following the death of Iran’s Supreme Leader Ayatollah Ali Khamenei, who was killed in an Israeli airstrike.

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Video: What the Texas Primary Battle Means for the Midterms

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Video: What the Texas Primary Battle Means for the Midterms

new video loaded: What the Texas Primary Battle Means for the Midterms

The first battle of the midterm elections will be the U.S. Senate primary in Texas. Our Texas bureau chief, David Goodman, explains why Democrats and Republicans across the U.S. are watching closely to see what happens in the state.

By J. David Goodman, Alexandra Ostasiewicz, June Kim and Luke Piotrowski

March 1, 2026

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