This market will resolve to "Yes" if either Andrew Cuomo or Zohran Mamdani concedes in the Democratic Primary for Mayor of New York City election by June 25, 2025, 11:59 PM ET. Otherwise, this market will resolve "No".

A concession is defined as an unambiguous public statement which acknowledges that the candidate lost the Democratic Primary for Mayor of New York City, will not be the Democratic nominee for NYC Mayor, or which acknowledges the victory of an opponent. If a candidate makes these acknowledgements while also claiming that the election was rigged, or that there was fraud, this will still qualify as a concession.

Any public statement from this candidate written or verbal will qualify. Speeches in which this candidate begins speaking within the time frame of this market will qualify, even if his declaration of victory falls outside the markets timeframe.

Only public statements from this candidate will qualify. Reports of private conversations, e.g. if the candidate called the victor and conceded over the phone, will not count.