Politics.

From Gracie Mansion to the White House, by the percent.

Political prediction markets are where New Yorkers' arguments get a price. From the mayor's race to presidential primaries to Albany fights over the MTA budget, the city's biggest debates show up here as live numbers — the same arguments you'd hear at a Park Slope dinner party, only with a settlement date.

Markets to watch

The politics board

Mamdani approval above 50% at 100 days

City Hall's honeymoon, priced block by block.

47¢▼ 2

Where to play

Platforms for politics

OG

Live

NY: Available

Crypto.com's prediction-market app: trade $25, get $25 in rewards with code NYPREDICTS. Sports, culture, macro and trending contracts, live in New York.

Culture & trending

Sports & macro

Mobile-first traders

Review

Visit

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Polymarket

Live

NY: Available

The world's most-watched prediction market — deposit $10 and get a $25 trading bonus.

News & politics

Macro narrative tracking

Review

Aff.We earn a commission on partner signups. Disclosure.

Kalshi

Live

NY: Available

CFTC-regulated event contracts on politics, economics, and culture.

Politics

Macro & Fed

Culture outcomes

Review

Visit

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Related guides

From the desk

Articles in Politics

FAQ

Frequently asked questions

Are political prediction markets legal in New York?

Federally regulated venues like Kalshi offer political event contracts to US users, with state-by-state nuance. Polymarket's app is accessible to New Yorkers. Both operate under active CFTC and state-level scrutiny — confirm before trading.

How accurate are political prediction markets?

They aggregate real-money beliefs and tend to track or lead polls — but they're not infallible. They reflect what traders think, not what will happen.

Where can I trade the NYC mayoral race?

Polymarket and Kalshi both list NYC mayoral contracts in cycle. Liquidity spikes around debates, primaries, and the general election.

Do prediction markets cover Albany and state races?

Yes, when the race is high-profile enough — gubernatorial contests, AG races, and marquee legislative fights. Local council races rarely see contracts.

How do political markets settle?

By official result: certified vote counts, concession, or the seating of the winner, per the specific market rulebook. Contested outcomes push settlement out.

Are these markets manipulated?

Large trades can move short-term prices, but sustained mispricings tend to attract counter-flow. Kalshi's CFTC oversight adds surveillance that offshore books historically lacked.