New York City Mayor Eric Adams announced Sunday he is ending his re-election bid, a decision that reshapes the November contest and sharpens attention on Democratic nominee Zohran Mamdani, whose rise has unsettled many voters.

Adams said in a video message that his campaign could not continue after the city’s Campaign Finance Board withheld matching funds and speculation about his future made fundraising impossible.

“Despite all we’ve achieved, I cannot continue my re-election campaign,” he said. “I always put you before me.”