A trader lost 1 million dollars after Zohran Mamdani's victory.

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Zohran Mamdani has defeated Andrew Cuomo to become the 111th mayor of New York, causing a trader to lose nearly 1 million USD in one of the largest bets in Polymarket history.

Data shows that the race between Mamdani, Cuomo, Curtis Sliwa, and Jim Walden attracted over 424 million USD in trading volume. The anonymous user “fuxfux007” lost 958,000 USD after betting against Mamdani, while the account “dubdubdub2” led the winning group with a profit of 141,000 USD.

The total transactions for Mamdani's results reached over 143 million USD, far surpassing competitors. At the age of 34, Mamdani became the youngest mayor in a century and the first Muslim to lead the city, pledging to represent the “forgotten workers” and criticizing President Donald Trump, declaring that New York would be a model against him.

Trader loses 1 million USD after Zohran Mamdanis victory

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