New York City Mayoral Election Odds: Zohran Mamdani, Eric Adams Lead the Way

New York City Mayoral Election Odds: Zohran Mamdani, Eric Adams Lead the Way

Incumbent Eric Adams is the current Mayor of New York City, but if the latest Kalshi odds are to be believed, we are likely to see a new Mayor in New York City Hall.

Once considered a huge underdog to even be the Democratic candidate, Zohran Mamdani not only beat out Andrew Cuomo to represent his party, but he's also now the front-runner to be the next Mayor, according to the 2025 New York Mayoral Election odds.

According to Kalshi, Mamdani currently has a 74% chance of being the next New York City Mayor, but we know this is an ever-changing landscape, and we will be staying up to date with the latest odds movements before the November 4th election, here at oddschecker.

Despite Mamdani being the clear favorite right now, the competition is rife, with Eric Adams, who is running as an independent, Republican Curtis Sliwa, lawyer Jim Walden, and potentially Cuomo to beat out. This means we are set for an unpredictable New York City Mayoral Election race, and we are using Kalshi's live odds platform to track the latest movements.

If you are new to Kalshi and want to bet on markets like this New York Mayoral Election, you can sign up for an account here and claim a $10 bonus when making your predictions.

Latest New York City Mayoral Election Odds From Kalshi

This is the current state of play on Kalshi. These odds are correct at the time of writing.

Right now, it costs 74¢ to buy the "Yes" contract on Zohran Mamdani (Democratic) to win the New York Mayoral Election, implying he has a 74% chance of being the next Mayor of New York City. Converted into typical Moneyline odds, this would be approximately -285 on the Moneyline.

It is 22¢ to buy the "Yes" contract on Eric Adams (Independent) to win the New York Mayoral Election, suggesting there is a 22% chance of him winning the race and being re-elected. This translates to Adams' Moneyline odds in the New York Mayoral Election marketing being +355.

Currently, Kalshi is offering traders three more options in the New York Mayoral Election market:

• Andrew Cuomo (Independent) - Buying "Yes" on Cuomo winning the election as an Independent will currently cost 6¢, suggesting he has a 6% chance of winning the election, despite losing out to Mamdani in the Democratic Primary. His implied probability suggests he should be around +1600 on the Moneyline to win this race.
• Curtis Sliwa (Republican) - It currently costs 3¢ to buy the "Yes" contract on Curtis Sliwa to win the New York Mayoral Election, suggesting a 3% chance of him winning the race. This translates to his Moneyline odds being +3300.
• Jim Walden (Independent) - The Lawyer, Jim Walden currently has a less than 1% chance of winning this election according to Kalshi bettors, and it costs just 1¢ to buy the "Yes" contract for Walden to win. This suggests his true Moneyline odds are +10000 or bigger to be the next New York City Mayor.

CLICK HERE to bet on the latest NYC Mayoral Election odds.

Important Information When Betting on the New York City Mayoral Election on Kalshi

The current Kalshi market for Eric Adams to be the Next New York City Mayor is based on him running as an Independent. This means if Adams wins the race while representing the Republican or Democratic Party, the market will settle as "No".

Who Will Be the Next New York City Mayor?

Based on the latest trades on Kalshi, there is a 74% chance of Zohran Mamdani being the next New York City Mayor, but there is a lot of time between now and November.

It seems that Incumbent Eric Adams, who is seeking re-election, is currently Mamdani's closest rival according to the odds.

With Mamdani comfortably beating Andrew Cuomo in the Democratic Primary, he has some work to do if he wants to be elected as an Independent.

How Does Kalshi Work and How Much Can I Win on the New York City Mayoral Election?

Instead of betting on typical sportsbook odds, you are instead buying contracts as you look to correctly predict the outcome of an event.

Let's take Zohran Mamdani's current Buy Price as an example of what you can win with Kalshi:

• A $100 investment on Zohran Mamdani would currently return $136 at his current price. This is based on you buying 136 contracts at 74¢. If he does win and you bought 136 at this price, you would land a total profit of $36.

Trading Positions on the New York Mayoral Election With Kalshi

With Kalshi, you are able to trade in and out of positions. For example, you do not have to ride the "Yes" side of Mamdani winning the election right the way through to November. You could instead trade out early for a profit if his value increases.

You could also trade out at a lower price if his value has decreased, but you are worried it is going to continue to fall, and you want to get out of a position.

Much like standard stocks, you can trade in and out of positions throughout the course of an event/market being live.

Kalshi Fees

At the sportsbook, you are paying a vig, which is factored into any lines the sportsbook has created on any given market. With Kalshi, there is no vig, but there are still fees to consider.

There is a trading fee applied to your transactions, for example:

If the price for one contract was $0.01, the associated fee for one contract would be $0.01. If you were to buy 100 contracts at this price for $1.00, your trading fee would be $0.07.

The most you will ever pay on a $100 trade, no matter the price, is $1.74, so there is plenty of value in making your trades on Kalshi's platform.

Secure a $10 Bonus When You Sign Up and Make Trades With Kalshi

If you are new to the Kalshi platform, you can claim a $10 bonus with our new user promotion!

Sign up below or throughout the article to claim your $10 bonus when making your trades on the predictions platform.

To unlock your $10 bonus, you will need to trade $100 on the platform.