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Description
Will Mamdani freeze NYC rents before 2027? combines two conditions: Zohran Mamdani must win the 2025 NYC mayoral election, and the NYC Rent Guidelines Board must implement a 0.0% increase for both one-year and two-year renewal leases citywide by December 31, 2026, 11:59 PM ET. The policy is only considered implemented if it is effective by the resolution date; announced intentions or non‑effective orders do not qualify. Alternative pathways (e.g., mayoral order, local/state law) that go into effect by the deadline also qualify. If Zohran Mamdani loses the 2025 mayoral election by credible reporting, the market resolves to No. The resolution source is a consensus of credible reporting and Rent Guidelines Board materials.
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Markets
Outcome | Odds | Spread | 24h Change | 24h Volume | Total Volume | Liquidity | |
|---|---|---|---|---|---|---|---|
| Will Mamdani freeze NYC rents before 2027? | — | — | — | — | — | — |
Rules
This market will resolve to “Yes” if both the following occur: 1. Zohran Mamdani wins the 2025 NYC Mayoral election. 2. The New York City Rent Guidelines Board implements rent adjustments at 0.0 % for both one-year and two-year renewal leases for rent-stabilized apartments citywide by December 31, 2026, 11:59 PM ET. The policy will be considered implemented only if a 0.0 % increases for both one-year and two-year renewal leases is in effect by the resolution date. An announced intention or proposed order not yet effective will not qualify. Orders that are blocked, enjoined, or otherwise prevented from taking effect by the deadline will not qualify. If the policy is enacted through another official mechanism, including but not limited to a mayoral executive order, local legislation, or state law, and goes into effect by the resolution date it will qualify. Orders that apply only to one lease term (e.g., 0 % on one-year but > 0 % on two-year), apply only to specific unit types (e.g., hotels or SROs), or relate to non-stabilized units will not qualify. Policies which include limited exceptions — such as exclusions for specific categories of rent-stabilized units (e.g., hardship exemptions, temporarily exempt buildings, or administrative carveouts) — will still qualify as long as a general policy of 0 % rent adjustment for both one-year and two-year renewal leases on rent-stabilized apartments and lofts is in effect citywide. If Mamdani is confirmed to have lost the 2025 NYC Mayoral election by a consensus of credible reporting, this market will immediately resolve to “No.” The resolution source for this market will be a consensus of credible reporting and official Rent Guidelines Board materials.