Former SEC chief of staff Amanda Fischer on Sunday blasted billionaire hedge fund manager Bill Ackman‘s suggestion to NYC Mayor Eric Adams on a Polymarket betting deal, calling it “very illegal.”
Ackman Wants Adams To Bet On Cuomo’s Win Probability
In an X post, Ackman highlighted the NYC Mayoral Election odds on Polymarket, which gave Adams only 1% chance of winning, compared to 15% for Andrew Cuomo and 80% for Zohran Mamdani.
The Pershing Square Capital Management CEO suggested that Adams withdraw from the race to avoid risking his reputation and do “what is best for NYC.”
“The experts I trust predict the odds shift to approximately 50/50 in a one-on-one Cuomo/Mandami election. If the field narrows soon, the odds get even better for Cuomo,” said Ackman, a fierce critic of Mamdani’s policies.
Ackman went a step further and advised Adams to place a large bet on …