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Mamdani Leads NYC Mayor’s Race as Wall Street Prepares to Engage and Jewish Leaders Diverge

Strong betting odds for a Mamdani win are prompting key institutions to prepare for collaboration.

Overview

  • Finance executives voice concerns over taxes and competitiveness yet organize meetings with Mamdani, including CEO sessions via the Partnership for New York City and a call with JPMorgan’s Jamie Dimon, as Polymarket places his odds near 95%.
  • Major donors have funded anti-Mamdani efforts, with Bill Ackman and Dan Loeb backing independent groups opposing him, even as an advisory council of business leaders is being assembled to work with a potential administration.
  • Satmar Hasidic leaders from both major factions declined to endorse but declared that portraying Mamdani as antisemitic is “false and dangerous,” reflecting outreach that included visits to Williamsburg during Sukkot.
  • Polling shows a three-way race with Mamdani ahead and Curtis Sliwa refusing to bow out, leaving a spoiler risk for Andrew Cuomo; a recent Quinnipiac survey found Mamdani at 43%, Cuomo at 33% and Sliwa at 14%.
  • Mamdani’s platform features a rent freeze, expanded public housing, free buses and universal childcare funded by higher corporate and high-earner taxes, changes that would require action in Albany, while his outreach to Jewish groups includes pledges on security, education and inclusive hiring.