Will Mamdani raise the minimum wage to $30 before 2027?
BUY YES
- Cost
- 9.0¢
- Implied chance
- 9.0%
- Return if right
- 1011.1%
- Spread cost
- 6%
If you put in $100
You get 1111.1 shares at 9.0¢ each.
YES wins: $1111.11 back, a profit of $1011.11. YES loses: $0.00, and the whole $100 is gone.
The gap between buyers and sellers takes $65.36 of that profit. Without it you would make $1076.47.
Assumes the whole order fills at this price. A large order eats into the book and averages worse.
Buy YES on Polymarket
BUY NO
- Cost
- 92.0¢
- Implied chance
- 92.0%
- Return if right
- 8.7%
- Spread cost
- 6%
If you put in $100
You get 108.7 shares at 92.0¢ each.
NO wins: $108.70 back, a profit of $8.70. NO loses: $0.00, and the whole $100 is gone.
The gap between buyers and sellers takes $0.59 of that profit. Without it you would make $9.29.
Assumes the whole order fills at this price. A large order eats into the book and averages worse.
Buy NO on Polymarket
Latest news
headlines link to their publishers- Mamdani: Democratic socialists 'going back to what the party used to be'The Hill · 2h ago
- Mamdani's Pied-À-Terre Tax Could Backfire on Fake Non-Residents as Kathy Hochul's Office Warns Them to 'Come Clean'Yahoo Finance · 18h ago
- DAVID MARCUS: Mamdani's faux African accent as telling as it is bizarreFox News · 2d ago
- Super-rich complain but experts welcome Mamdani’s pied-à-terre taxThe Guardian · 2d ago
- Ken Griffin's Feud With Mamdani Hasn't Stopped His $6 Billion Manhattan Skyscraper— It's Now Under DemolitionYahoo Finance · 3d ago
- Amazon responds to Mamdani's cease-and-desist letterThe Hill · 3d ago
Headlines are matched on the names in “Will Mamdani raise the minimum wage to $30 before 2027?”. Nobody checks them by hand, so one may not be relevant. They also say nothing about whether the price has already moved on this news.
How this market resolves
Zohran Mamdani has proposed raising New York City's minimum wage to $30 an hour by 2030. You can read more about that here: https://www.cityandstateny.com/policy/2025/02/mamdani-unveils-30-30-minimum-wage-push-part-mayoral-campaign/403015/?oref=csny-homepage-top-story This market will resolve to “Yes” if both the following occur: 1. Zohran Mamdani wins the 2025 NYC Mayoral election. 2. A policy is enacted in New York City before December 31, 2026, 11:59 PM ET, which would establish a minimum wage of at least $30 an hour, effective by December 31, 2030, or earlier. The policy will be considered to have been enacted if a local or state law is passed, or mayoral executive order is issued which will bring the stated minimum wage into effect within the specified timeframe. The introduction, proposal, or announcement of such a policy without legal enactment will not qualify. The enactment of a policy that initiates a structured increase of the minimum wage to at least $30 an hour in NYC over the course of several years will qualify for an immediate "Yes" resolution, so long as that policy explicitly outlines it will achieve that level by the stated date. Enactment of limited or temporary pilots which are not formally intended for citywide expansion (e.g., policies that explicitly cover only select boroughs, neighborhoods, or time periods) will not count. Policies which include limited exceptions—such as such as exceptions for restaurant workers, etc.—will still qualify as long as a general policy of a $30 per hour minimum wage in New York City by 2030 is enacted. If Mamdani is confirmed to have lost the 2025 NYC Mayoral election by a consensus of credible reporting, or if the stated terms are not satisfied within this market's timeframe, this market will immediately resolve to “No”. The resolution source for this market will be a consensus of credible reporting.