Cuomo Strengthens Crypto Appeal as Mamdani Dominates NYC Mayoral Race Momentum

In the heated New York City mayoral race, former Governor Andrew Cuomo continues to gain traction among crypto-focused voters, while progressive frontrunner Zohran Mamdani maintains overall momentum across the city. Despite political divides, the contest has drawn attention from national figures, including President Donald Trump, who stated that although he’s “no fan of Cuomo,” he would prefer him over Mamdani, labeling the latter “too far left.”

Mamdani, a New York State Representative and rising progressive voice, has energized young and grassroots voters with his populist policies and outsider image. However, he’s been less vocal about his stance on cryptocurrency—a stark contrast to Cuomo’s pro-innovation message. Lawmakers from both parties have taken sides, with crypto-friendly figures and older, affluent New Yorkers largely backing Cuomo.

Prediction data from Kalshi reveals an intriguing divide. While Mamdani enjoys overwhelming support among younger voters, Brooklyn residents, and out-of-state traders—67% of his backers are aged 18 to 34—Cuomo dominates among Manhattan residents and older voters. Statewide, Cuomo leads by 11 points, with 49% of New York City traders betting on his victory compared to 40% for Mamdani. Yet, Mamdani’s strong online and youth-driven support doesn’t guarantee turnout, as early voting trends favor Cuomo’s older demographic.

To capitalize on this momentum, Cuomo has leaned heavily into a tech and crypto agenda, pledging to transform New York City into a global hub for blockchain and artificial intelligence innovation. He argues this vision will attract investments, foster job growth, and modernize city governance.

However, scrutiny remains over Cuomo’s past consulting ties to crypto exchange OKX, which settled a $504 million federal case earlier this year. His campaign insists his involvement was limited, yet questions about ethics persist. With Eric Adams out of the race, Cuomo stands as the sole pro-crypto candidate, positioning himself as the bridge between technology, finance, and New York’s political future.