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Mamdani Wins NYC Mayor's Race: Here's What the Crypto Prediction Markets Foretold

Zohran Mamdani has won the New York City mayoral election, securing over half the votes against former governor Andrew Cuomo, who garnered about 40%. The election was notably predicted by crypto prediction markets, particularly Polymarket, where 92% of participants had bet on a Mamdani win, including a significant $1 million wager just before voting. Mamdani's victory is historic, making him the first Muslim mayor of NYC, backed by a progressive coalition. Despite his cautious stance on crypto regulation, he aligns with progressive fiscal policies, advocating for higher taxes on the wealthy to support public services. He has expressed concern about the impact of crypto market failures on low-income investors. Mamdani's victory indicates a shift in NYC's political landscape, emphasizing a progressive agenda. He is set to take office on January 1, where he is expected to prioritize compliance and consumer protection in the financial sector.

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Crypto Markets Today: Bitcoin (BTC), Ether (ETH) Prices Hold Steady as Traders Brace for Next Big Move

Bitcoin and ether prices held steady at around $105,000 and $3,550, respectively, as traders evaluated potential market movements. A drop below $98,000 for bitcoin may indicate a bearish shift, while a rise above $111,000 could suggest a bullish reversal. The ongoing volatility is influenced by the

Crypto Markets Today: Bitcoin (BTC), Ether (ETH) Prices Hold Steady as Traders Brace for Next Big Move

Bitcoin is trading around $105,000 while Ether hovers near $3,550, as traders assess market dynamics after a period of recovery. A drop below $98,000 could signify a bearish trend for Bitcoin, whereas surpassing the November 2 high of $111,000 may indicate a bullish reversal. The broader

Crypto Markets Today: Bitcoin (BTC), Ether (ETH) Prices Hold Steady

Bitcoin is trading around $105,000 and Ether near $3,550 as traders assess the strength of the recent recovery. A drop below $98,000 would indicate a bearish trend for Bitcoin, whereas a surge past the November 2 high of $111,000 could signal a bullish reversal. The crypto

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