New York City, Sept 28, 2025 – New York City Mayor Eric Adams announced late Sunday that he is suspending his reelection bid for the November 4 mayoral race, delivering the news in a video from Gracie Mansion. Adams cited “relentless media speculation about my future” and a decision by the New York City Campaign Finance Board to withhold millions of dollars in matching funds due to suspicious donations as factors undermining his ability to mount a serious campaign. His name will remain on the ballot, as the withdrawal deadline has passed.
The decision narrows the field to three major candidates: Democratic nominee Zohran Mamdani, independent Andrew Cuomo, and Republican Curtis Sliwa. Post-announcement, betting markets and polls, including those from Kalshi traders, show Mamdani’s win probability surging to 83%, as Adams’ supporters are expected to lean toward Cuomo but not sufficiently to challenge Mamdani’s lead.
Adams’ withdrawal comes amidst reports that the Trump administration had offered him an ambassadorship to clear the path for Cuomo, though Adams had previously dismissed such speculation during a press conference. [Ref web ID: 0] The race has been intensely financed by wealthy New Yorkers and landlords desperate to defeat Mamdani, with billionaires like Bill Ackman publicly backing Cuomo.
Mamdani, a 33-year-old democratic socialist and state assembly member from Queens, secured the Democratic nomination earlier this year, defeating Cuomo in a surprising primary upset. His platform, focusing on affordability and progressive policies, has positioned him as a favorite in the general election.
As the city approaches a critical election, the dynamics have shifted significantly, with Mamdani now the clear frontrunner. The outcome will determine the future direction of the nation’s largest city, with implications for housing, crime, and economic policy. Updates will follow as the race unfolds.