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Prediction markets favor Mayor Mamdani and Pope Leo for TIME Person of the Year

Prediction markets Kalshi and Polymarket list New York Mayor Zohran Mamdani and Pope Leo XIV as favorites for TIME's Person of the Year over Donald Trump.

Published August 25, 2026 at 7:46 PM EDT

The short answer

Prediction markets Kalshi and Polymarket list New York Mayor Zohran Mamdani and Pope Leo XIV as favorites for TIME's Person of the Year over Donald Trump.

Prediction markets favor Mayor Mamdani and Pope Leo for TIME Person of the Year

The Facts

Who
Donald Trump, Zohran Mamdani, and Pope Leo XIV
What
Prediction market rankings for TIME Person of the Year and background on political friction.
When
Tuesday, August 25, 2026
Where
New York and Washington, D.C.
Why
The rankings reflect a year of policy friction between the White House and leaders in New York and the Catholic Church over taxes, immigration, and foreign policy.

Timeline of what happened

Key dates and decisions, in the order they occurred.

  1. November 2025

    Trump and Mamdani hold meeting at White House

  2. February 2026

    Trump and Mamdani meet regarding housing collaboration

  3. April 25, 2026

    Trump criticizes Mamdani's luxury home tax proposal

  4. April 25, 2026

    Pope Leo XIV criticizes administration's foreign policy on social media

  5. April 25, 2026

    Trump administration ends $11 million contract with Miami Catholic Charities

  6. June 25, 2026

    Border czar threatens ICE surge in response to NY sanctuary laws

Data from prediction markets Kalshi and Polymarket indicate that New York City Mayor Zohran Mamdani and Pope Leo XIV are currently favored to be named TIME’s Person of the Year. President Donald Trump, who has previously received the title twice, currently ranks third on both platforms as the magazine prepares for its annual year-end announcement.

The prediction market rankings follow a series of public disagreements between the White House and the top-rated figures. While Trump and Mamdani held a meeting in November that led to public comments from the president supporting the mayor's success, their relationship has since shifted. A second meeting occurred in February where Mamdani presented a mock-up newspaper front page suggesting collaboration on housing, but the two have since diverged on fiscal and immigration policy.

In April, Trump criticized Mamdani’s proposal for a tax on luxury second-homes, stating the policy would negatively impact New York. Tensions further increased in June after New York passed new sanctuary provisions, leading the Trump administration’s border czar to state that U.S. Immigration and Customs Enforcement (ICE) agents would be sent to the city. Mamdani has maintained a critical stance toward the administration's immigration actions.

Simultaneously, the administration has been in conflict with Pope Leo XIV, the first American pope. The pope has publicly characterized the administration’s immigration policies as inhumane and criticized the president’s rhetoric regarding Iran. In April, the pope stated on social media that disciples of Christ should not support those who drop bombs, prompting Vice President JD Vance to advise the pope to remain cautious when addressing theological matters.

The scale of the reported conflict involves significant federal funding and long-standing institutions. For example, in April, the Trump administration terminated an $11 million federal contract with Catholic Charities of the Archdiocese of Miami. This specific organization had provided housing and assistance to migrant children for 60 years. The loss of such a contract forces a change in how services are delivered to vulnerable populations, shifting the financial burden from federal programs to private or local entities.

The tension between the White House and the Catholic Church also impacts the day-to-day operations of refugee resettlement programs across several states. Because the Church is heavily involved in this work, a breakdown in the relationship with the federal government could alter the availability of health care, housing, and integration services for new arrivals. What happens next depends on the official selection by TIME magazine, which usually occurs toward the end of the calendar year, and the subsequent policy decisions regarding ICE deployments in New York.

Summaries are written by The Plain Record to state the facts of a story plainly and without political slant. See our editorial standards, or report a correction.

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Questions readers ask

What happened: Prediction markets favor Mayor Mamdani and Pope Leo for TIME Person of the Year?

Prediction market rankings for TIME Person of the Year and background on political friction.

Who is involved?

Donald Trump, Zohran Mamdani, and Pope Leo XIV

When did this happen?

Tuesday, August 25, 2026

Where did this happen?

New York and Washington, D.C.

Why does this matter?

The rankings reflect a year of policy friction between the White House and leaders in New York and the Catholic Church over taxes, immigration, and foreign policy.