According to monitoring by the Svmuu Seer Channel, a new market has been launched on Polymarket: "Will Trump rename the Strait of Hormuz to 'Trump Strait' by May 31st?" The current probability for "Yes" is temporarily reported at 6%, having dropped 31% in the past 24 hours. The total betting volume for this event currently exceeds $47,000.
The contract rules for this event are as follows: The market will resolve to "Yes" if Donald Trump publicly announces that the United States will formally refer to the Strait of Hormuz as "Trump Strait" or "Trump Straits" or any equivalent name containing "Trump" by 11:59 PM Eastern Time on May 31, 2026. Otherwise, the market will resolve to "No". The primary resolution source will be official communications from Donald Trump, but consensus from credible reporting may also be used.
The Svmuu Seer Channel continues to monitor prediction markets, seeing changes before they are priced in.