According to Odaily Seer, a new prediction event has been added to Polymarket: "Trump will rename the Strait of Hormuz to 'Trump Strait' by May 31st." The probability of a "Yes" vote is currently 6%, down 31% in the last 24 hours. There are currently over $47,000 in bets on this event. The contract rules are: if Trump publicly announces that the United States will officially name the Strait of Hormuz "Trump Strait" or any equivalent name containing "Trump" by 11:59 PM Eastern Time on May 31, 2026, the market will decide to support "Yes." Otherwise, the market will settle for "No." The primary solution for this market will be official information from Donald Trump, but consensus based on credible reports is also possible. Odaily Seer continues to monitor prediction markets, seeing changes before pricing.