Betting platforms Polymarket and Kalshi have shifted to favor former Governor Andrew Cuomo over Assemblymember Zohran Mamdani for the Democratic mayoral nomination in New York City. Cuomo has garnered substantial support, including a $5 million contribution from Michael Bloomberg, while Mamdani received endorsements from Alexandria Ocasio-Cortez and Bernie Sanders. This race reflects intense competition, with significant financial backing influencing voter perceptions and candidate viability as both seek to appeal to the Democratic base.
Billionaire and former mayor Michael Bloomberg donated $5 million to Cuomo's mayoral bid and an additional $3.3 million to a super PAC supporting Cuomo.
Former President Bill Clinton endorsed Cuomo, saying "he knew how to get things done" and would "stand up and protect the people of this city."
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