Polymarket Nyc NYC Democratic mayor Primary Opstur, $ 1 billion is approaching unicorn rating

New York City wakes up on Wednesday morning to a surprise: Zohran Mamdani has won the Democratic Mayoral Primary. While Pollsters initially expelled the progressive candidate, gamblers in blockchain-based prediction platform polymarket mentioned his victory correctly prior to the official confirmation.

Before Tuesday’s vote, conventional polls preferred former Governor Andrew Cuomo.

But the sentiment among participants in polymarket shifted rapidly to Mamdani, after a Monday morning by Emerson College emphasized its strength in the ranking of the cord scenarios.

Polymarket was not only in responding to the results of the Emerson -Poll. Kalshi, another prominent prediction market, responded even faster and initially showed Cuomo with higher opportunities before he turns sharply to Mamdani in response to the poll.

Kalshi, who does not use Blockhain infrastructure, responded to the poll from Emerson College with a sharper and faster swing than polymarket. On Kalshi, the chances of Andrew Cuomo fell within a few hours after the release of the poll from more than 70% to 46%, while Mamdani rose from 27.2% to parity, according to data on Kalshi, which Cuomo demonstrated at 73% when the poll went out.

Both platforms were merged against an almost certain Mamdani victory against election morning, prior to the official confirmation.

One of the biggest winners was a polymarket user who is known as “Gaypride”, who used $ 132,926 on Mamdani with 49.2% chances. The bet paid out about $ 268,000, to illustrate both the natural nature and the earning potential of decentralized prediction markets.

The success of Polymarket with predicting the surprise victory of Mamdani has restored the interest in his predictive capacities; Last year it rightly predicted that Donald Trump would win the US presidential election.

Polymarket’s $ 200 million financing round

The newest victory of Polymarket comes when the company closes on a $ 200 million financing round on a valuation to the north of $ 1 billion, according to individually produced reports of Reuters And Bloomberg On Tuesday.

The raise is said to be led by Founders Fund, the venture company co-founder of Peter Thiel, known for early investments in Palantir, Meta and OpenAi, as well as Backing Frontier projects such as Sentient, an open source AI initiative.

The mood of trust from institutional backers such as Founders Fund indicates that the growing acceptance of blockchain-driven prediction platforms such as polymarket.

Alex Solleiro, co-founder of Dastan, the company behind both Decrypt And decentralized prediction market countless market (which has not led a market on this specific election), commented on the meaning of the performance of polymarket.

“Prediction markets show again that they can break the news faster than the media and elections can predict better than polls and experts,” said Solleiro. “We have introduced a new era in how information is produced, shared and stimulated.”