Former New York Governor Andrew Cuomo
Last Friday, while visiting Times Square, NYC mayoral candidate Zohran Mamdani and his supporters scoffed at a Kalshi billboard showing his chances of winning the Democratic nomination at just 23%.
Click the X post below to view the video.
Zohran Mamdani passes a giant Times Square billboard showing the odds for the mayoral race, with him at just 23%.
“Gambling is haram,” he jokes. pic.twitter.com/JIiRAAZKYm— Jeff Coltin (@JCColtin) June 21, 2025
But if Zohran passed that same billboard today, he'd probably be a lot less dismissive, and might even stop for a selfie.
Overnight, the upstart socialist candidate's odds surged, thanks in part to an Emerson College poll showing Mamdani with a slight lead over former New York Governor Andrew Cuomo.
Kalshi traders now see the candidates as neck and neck, and price Mamdani's chances at 48%.
6.23.25
Will Zohran pull off the upset, or will Cuomo hang on? Either way, time is running out to make your trades. NYC polls close tomorrow at 9:00 PM ET.
As you're no doubt aware, President Trump decided to back Israel's ongoing attack on Iran, and deployed B2 Bombers to strike various Iranian nuclear sites. In the wake of the attack, an Iranian spokesperson dismissed further negotiations as meaningless.
Earlier today, Iran also launched a retaliatory missile barrage on U.S. military bases in Qatar (although the missiles were reportedly intercepted).
But despite the ongoing conflict, Kalshi traders still price the odds of a nuclear deal between Iran and the US at 32%, which isn't great, but still seems relatively optimistic, all things considered.
6.23.25
This weekend in Austin, Texas, Tesla began limited service of its driverless robotaxis. Some media outlets were skeptical of the rollout, which was made available to prescreened users and featured a Tesla "safety monitor" riding along in the front seat.
But despite the criticism, the company's stock was up over 8% on Monday, and Kalshi traders price the chances of a public rollout this year at 80%.
Last night marked the end of professional basketball's 2024-2025 season. But it's already time to start thinking about next season thanks to Wednesday's draft.
From the top overall pick to who rounds out the top 30, Kalshi lets you get the jump on trading for the 2025-2026 season.
👀 Key events this week
General
⚽ US Pro-Soccer
🗓️ Tuesday
🗓️ Wednesday
📈 Pro-Basketball Draft
🗓️ Thursday
📊 Q1 GDP (2nd Revision)
⛳PGA Rocket Classic(Thursday - Sunday)
🗓️ Friday
🏦Fed Bank Stress Test Results
🗓️ Saturday
🤼 UFC 317
🗞️ Kalshi in the news
"Traders are currently pricing in two rate cuts for 2025, according to CME data. That mirrors traders on the prediction platform Kalshi, who also anticipate two cuts."
"We are incredibly pleased with the outcome and effectiveness of the ad so far," Kalshi media representative Jack Such told NPR. "It has generated a lot of buzz on social media."
Follow Terry Oldreal on X: @realOldTerryFollow Shannon Magiera on X: @weathershanFollow Kalshi on X: @Kalshi
The opinions and perspectives presented in this article belong solely to the author, who is using a pseudonym and cannot trade on Kalshi. This is not financial advice. Trading on Kalshi involves risk and may not be appropriate for all. Members risk losing their cost to enter any transaction, including fees. You should carefully consider whether trading on Kalshi is appropriate for you in light of your investment experience and financial resources. Any trading decisions you make are solely your responsibility and at your own risk. Information is provided for convenience only on an "AS IS" basis. Past performance is not necessarily indicative of future results. Kalshi is subject to U.S. regulatory oversight by the CFTC.