Zohran Mamdani decisively overcame Andrew Cuomo in last week’s Democratic primary. Polymarket now forecasts him as the frontrunner for New York’s mayoral race.
At just 33, the democratic socialist intends to drive significant political change in the city with a platform that states, “billionaires shouldn’t exist.”
Mamdani stated, “No one should have that much money. It’s beyond excessive.”
Following his victory, a fierce debate ignited online among various factions, including economists, socialist critics, and libertarians. The central question remains: Should any individual truly possess a billion dollars?
Mamdani
How Would You Ensure No Billionaires Exist, Though?
As they put it:
- 1 million seconds equates to 11.5 days
- 1 billion seconds amounts to about 32 years
The disparity in these figures is astounding.
Supporters of Mamdani argue that New York demonstrates the worst wealth inequality in the country.
According to Mamdani and Senator Alexander Ocasio-Cortez, billionaires should face appropriate taxation to redistribute wealth for the public good.
Polymarket: Mamdani Tops Democratic Primary
Despite his past defeat, Cuomo has indicated a desire to run independently under the “Fight and Deliver Party.” Incumbent Mayor Eric Adams also continues his campaign as an independent following a controversial term marred by corruption allegations.
Current Polymarket odds: Mamdani 69%, Adams 19%, Cuomo 10%.
Mamdani proclaimed, “Tonight, we made history. I will be your Democratic nominee for the mayor of New York City.”
Polymarket’s Mixed Track Record
Regardless of Mamdani’s vision, Polymarket had previously given Cuomo 80% odds for two months, only to see this shift dramatically within 30 minutes of the vote counts, propelling Mamdani to 94.6%.
Nate Silver praised the platform for getting it right just when it mattered, but noted it was previously inaccurate and could misfire in future elections.
