Prediction Market Event Generates Record-Breaking Volume from Trump SOTU Address

A prediction market event held on Kalshi generated significant interest among traders, resulting in a total volume of $11.97 million. The event centered around President Trump's State of the Union (SOTU) address on February 24.

The most traded contract was 'Somali / Somalia', which saw $867,839 in lifetime volume and resolved yes. This outcome was likely due to President Trump's comments during his speech, where he referred to members of the Somali community as 'pirates' who had 'pillaged an estimated $19 billion from the American taxpayer'.

Other notable contracts included 'Fake News', which resolved no with a total volume of $603,228, and 'Crypto / Bitcoin', which also resolved no despite being one of President Trump's well-documented interests.

The event saw a surge in trading activity during the evening hours of the speech, with the peak hour generating $2.76 million in volume. This indicates that traders were actively pricing every sentence of the president's address in real-time.