This market will resolve to "Yes" if either Andrew Cuomo or Zohran Mamdani concedes in the general election for Mayor of New York City by the listed date (ET). Otherwise, this market will resolve to "No".

A concession is defined as an unambiguous public statement that acknowledges that the candidate lost the general election for Mayor of New York City, will not be the next Mayor of New York City, or 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 their declaration of concession falls outside the market’s 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.