Polymarket Nails NYC Democratic Mayoral Primary Upset, Nears $1B Unicorn Valuation

New York City wakes up on Wednesday morning to surprise: Zohran Mamdani Won the basic democratic mayor. While the polls initially rejected the progressive candidate, Punteri on the platform for predicting based on Blockchain correctly called his victory on the eve of the official certificate.

Before voting on Tuesday, conventional surveys were favored by former governor Andrew Cuom.

But the feelings among the participants at Polymarket quickly moved toward Mamdania, after college Emerson poll Posted on Monday morning emphasized his strength in the voting scenarios on a ranked election.

Polymarket was not alone in responding to the results of the Emerson survey. Kalshi, another prominent prediction market, reacted even faster, initially showed Cuomo with greater prospects before turning sharply towards Mamdania in response to a survey.

Kalshi, who does not use Blockhain Infrastructure, responded to an Emerson College survey with a sharper and faster momentum than Polymarket. On Kalshi, the chances of Andrew Cuomo have fallen from more than 70% to 46% within a few hours of free, while Mamdani has grown from 27.2% to parity, according to data data On Kalshi, who showed Cuomo with 73% while the survey went out.

By the election morning, both platforms converged into the almost safe Mamdani’s victory on the eve of the official certificate.

One of the biggest winners was a user of Polymarket known as “gaypride” declared 132.926 USD on Mamdani with 49.2% of the odds. The bet has paid approximately $ 268,000, which illustrates the nature of high roles and earn the potential of decentralized predictions.

Success Polymarket -as forecasting Mamdani’s victory of surprise prevailed with the interest in his predictive abilities; Last year, Properly scheduled To make Donald Trump win the US presidential election.

Polymarket -O’s $ 200 million funding circle

The last victory of Polymarket comes as the company closes in a $ 200 million funding circle in the north estimate of $ 1 billion, according to separate reports from Reuters and Bloomberg Tuesday.

The raise is allegedly led by Fund of the founder, a venture company faced by Peter Thiel, known for his early investments in Palantir, Meta and Openi, as well as supporting border projects such as SensitiveAI initiative of open code.

The vote of confidence of institutional support such as the founder of the signal signals signals the increasing acceptance of platforms to prediction on blockchain, such as Polymarket.

Alex Solleiro, co -founder of Dastan, a company behind both Decipher and a decentralized prediction market Myriad (who did not start the market in this election), commented on the importance of achievement of Polymarket.

“The prediction markets show that they can break the news faster than the media and anticipate elections better than poll and experts,” Solleiro said. “We have entered the new era in the way information is obtained, shared and encouraged.”