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Markets bet on whether Trump will next nominate Stephen Miran as Fed Chair

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Kalshi has reported 12,229 in volume over the last 24 hours on their market for “Will Trump next nominate Stephen Miran as Fed Chair?”, making it one of the hottest markets on the platform today.

The market currently is implying a 5% chance for "Stephen Miran", which is neutral from yesterday, when the market implied a 5% probability.

If Stephen Miran is the first person formally nominated by the President to Fed Chair before Jan 20, 2029, then the market resolves to Yes.

In total, this market has seen a volume of 236,145 transactions since it was first opened on August 11, 2025. There are 184,496 positions of open interest in this market, and the overall liquidity is sitting at 1,087,496 contracts.

Based on Quiver’s tracking, here are 10 of the finance and politics markets that have had the most volume on Kalshi over the last 24 hours:

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