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Will Mamdani freeze NYC rents before 2027?

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Will Mamdani freeze NYC rents before 2027?

54% chance
Polymarket
NEW
54% chance
Polymarket
NEW

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.
Volume
$0
End Date
Dec 31, 2026
Market Opened
Nov 3, 2025, 9:21 PM ET
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.

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.
Volume
$0
End Date
Dec 31, 2026
Market Opened
Nov 3, 2025, 9:21 PM ET
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.

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Frequently Asked Questions

"Will Mamdani freeze NYC rents before 2027?" is a prediction market on Polymarket where traders buy and sell "Yes" or "No" shares based on whether they believe this event will happen. The current crowd-sourced probability is 54% for "Yes." For example, if "Yes" is priced at 54¢, the market collectively assigns a 54% chance that this event will occur. These odds shift continuously as traders react to new developments and information. Shares in the correct outcome are redeemable for $1 each upon market resolution.

"Will Mamdani freeze NYC rents before 2027?" is a newly created market on Polymarket, launched on Nov 4, 2025. As an early market, this is your opportunity to be among the first traders to set the odds and establish the market's initial price signals. You can also bookmark this page to track volume and trading activity as the market gains traction over time.

To trade on "Will Mamdani freeze NYC rents before 2027?," simply choose whether you believe the answer is "Yes" or "No." Each side has a current price that reflects the market's implied probability. Enter your amount and click "Trade." If you buy "Yes" shares and the outcome resolves as "Yes," each share pays out $1. If it resolves as "No," your "Yes" shares pay $0. You can also sell your shares at any time before resolution if you want to lock in a profit or cut a loss.

The current probability for "Will Mamdani freeze NYC rents before 2027?" is 54% for "Yes." This means the Polymarket crowd currently believes there is a 54% chance that this event will occur. These odds update in real-time based on actual trades, providing a continuously updated signal of what the market expects to happen.

The resolution rules for "Will Mamdani freeze NYC rents before 2027?" define exactly what needs to happen for each outcome to be declared a winner — including the official data sources used to determine the result. You can review the complete resolution criteria in the "Rules" section on this page above the comments. We recommend reading the rules carefully before trading, as they specify the precise conditions, edge cases, and sources that govern how this market is settled.