Traders on the Kalshi prediction platform are forecasting decisive wins for the three main Democratic candidates in the November 4 elections across New York, New Jersey, and Virginia.
According to FOX Business, Kalshi bettors estimate that Democrat Zahran Mamdani has a 92% chance of winning the New York City mayoral race. Former governor Andrew Cuomo, running as an independent, trails with an 8% chance, while Republican Curtis Sliwa follows with just 1%.
The total trading volume—representing the overall value of bets—has surpassed $71.5 million.
Mamdani, a 34-year-old socialist, has centered his campaign on affordability and the cost of living in America’s largest city. However, his ambitious proposals—such as free public buses, city-run grocery stores, and a rent freeze—have sparked concern on Wall Street. Executives at the New York Stock Exchange have emerged as his harshest critics, highlighting the growing divide between the city’s progressive political movement and its long-standing financial sector.
Democrats Dominate Kalshi Forecasts in New Jersey and Virginia
Meanwhile, current mayor Eric Adams suspended his re-election campaign five weeks before election day, announcing his withdrawal through a video posted on social media.
In New Jersey, Kalshi traders give Representative Mikie Sherrill, a former prosecutor and congresswoman, an 86% chance of winning the governorship, while Republican Jack Ciattarelli holds 16%. The total betting volume in that race slightly exceeds $11.8 million.
In the final days of her campaign, Sherrill appeared alongside Democratic governors Gretchen Whitmer (Michigan) and Wes Moore (Maryland)—both widely viewed as potential 2028 presidential contenders. Former President Barack Obama also endorsed her candidacy last Friday.
In Virginia, Democratic candidate Abigail Spanberger is projected to defeat her Republican opponent Winsome Earle-Sears, with Kalshi traders giving her a 96% chance of victory versus 4% for Sears. Trading volume for the race reached $3.6 million, according to Kalshi data. Former President Donald Trump has not endorsed Sears, who currently serves as Virginia’s lieutenant governor.
Traders Predict Landslide Democratic Wins in New York, New Jersey, and Virginia
Traders on the Kalshi prediction platform are forecasting decisive wins for the three main Democratic candidates in the November 4 elections across New York, New Jersey, and Virginia.
According to FOX Business, Kalshi bettors estimate that Democrat Zahran Mamdani has a 92% chance of winning the New York City mayoral race. Former governor Andrew Cuomo, running as an independent, trails with an 8% chance, while Republican Curtis Sliwa follows with just 1%.
The total trading volume—representing the overall value of bets—has surpassed $71.5 million.
Mamdani, a 34-year-old socialist, has centered his campaign on affordability and the cost of living in America’s largest city. However, his ambitious proposals—such as free public buses, city-run grocery stores, and a rent freeze—have sparked concern on Wall Street. Executives at the New York Stock Exchange have emerged as his harshest critics, highlighting the growing divide between the city’s progressive political movement and its long-standing financial sector.
Kalshi Traders See Democratic Sweep Extending to New Jersey and Virginia
Meanwhile, current mayor Eric Adams suspended his re-election campaign five weeks before election day, announcing his withdrawal through a video posted on social media.
In New Jersey, Kalshi traders give Representative Mikie Sherrill, a former prosecutor and congresswoman, an 86% chance of winning the governorship, while Republican Jack Ciattarelli holds 16%. The total betting volume in that race slightly exceeds $11.8 million.
In the final days of her campaign, Sherrill appeared alongside Democratic governors Gretchen Whitmer (Michigan) and Wes Moore (Maryland)—both widely viewed as potential 2028 presidential contenders. Former President Barack Obama also endorsed her candidacy last Friday.
In Virginia, Democratic candidate Abigail Spanberger is projected to defeat her Republican opponent Winsome Earle-Sears, with Kalshi traders giving her a 96% chance of victory versus 4% for Sears. Trading volume for the race reached $3.6 million, according to Kalshi data. Former President Donald Trump has not endorsed Sears, who currently serves as Virginia’s lieutenant governor.