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Trump cabinet

Trade: Who will Trump announce as next Secretary of Labor?

Opened · Settles · 1 comments

Resolution criteria on PolyGram: This market will resolve according to the first individual Donald Trump announces as his pick to be United States Secretary of Labor. An announcement from Donald Trump or the Trump administration stating their intent to nominate a specific individual for United States Secretary of Labor will suffice to resolve this market, regardless of whether a formal nomination actually occurs. Qualifying announcements must explicitly present the relevant individual as the nominee or future nominee for United States Secretary of Labor. Announcements of acting or interim appointments, or announcements which merely reveal potential candidates, will not qualify.

PolyGram is an on-chain prediction market where you trade YES or NO outcome shares with real USDC on Polygon. For this market, buy YES if you believe the event will happen, or NO if you think it won't. Your maximum loss is your stake — winning shares pay $1.00 each at resolution. Unlike sportsbooks, there is no house edge: prices are set by supply and demand from other traders and reflect the crowd's real-time probability.

Liquidity
$36K
Total Volume
$42K
24h Volume
$553
Open Interest
$2K
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Market outcomes

Patrick Pizzella 2% YES98% NO
None in 2026 6% YES94% NO
Person H
Person L
Person P
Person R
Person T
Other

Market context

Donald Trump will need to announce his choice for Secretary of Labor during his second term, a position responsible for labour policy, workplace safety, and employment programmes. The current 2% implied probability on Polymarket's order book reflects substantial uncertainty about which candidate Trump will select from a field that includes former officials, business figures, and political allies. The settlement criteria require an explicit announcement of intent to nominate—an acting or interim appointment would not trigger resolution—meaning the market remains open through the end of 2026.

Historical precedent suggests Trump's cabinet selections often come as surprises to markets. His first-term Labour Secretary, Alexander Acosta, was not widely anticipated before announcement. The current low probability may reflect the market's difficulty in identifying a clear frontrunner among potential candidates, or genuine uncertainty about whether Trump will announce this particular position before the settlement deadline. The position has traditionally attracted candidates with backgrounds in union relations, business management, or regulatory affairs, though Trump's selections have sometimes defied conventional expectations.

Traders should monitor Trump's public statements and media reports about cabinet formation, particularly any announcements made during the transition period or early months of his term. Recent reporting on potential cabinet picks has been fragmented across multiple candidates, with no clear consensus emerging. The announcement could occur at any point before year-end 2026, making this a longer-duration market where information asymmetries and timing become significant factors in pricing.

How this market resolves

Resolution is handled by the UMA optimistic oracle on Polygon. A proposer submits the outcome, a two-hour dispute window opens, and if no one stakes a counter-claim the payout is final. Contested outcomes escalate to UMA token-holder voting. Payouts clear in USDC to the winning side.

How to trade this market step by step

The mechanics for trading "Who will Trump announce as next Secretary of Labor?" are the same as any other PolyGram event contract. Each YES share resolves to $1 if the event happens, or $0 if it doesn't. The current price between 0¢ and 100¢ is the market's probability estimate, set live by the order book.

  1. Sign in on polygram.ink with your email — no full KYC under $1,500 lifetime trading volume.
  2. Deposit USDC on Polygon (lowest fees, ~$0.01 per transaction) or Ethereum. Funds credit after 12 confirmations.
  3. Pick a side. Buy YES if you believe the event will happen; buy NO if you think it won't. The current YES price reflects the market's collective probability.
  4. Size your position. If you stake 100 USDC at 50% YES, you'll receive shares that pay $200 if YES resolves true — a 100% gross return. If NO resolves, your shares are worth $0.
  5. Set risk controls (optional). Stop-loss, take-profit, and limit-order types all supported. Use the trade ticket's slippage box to cap your maximum entry price.
  6. Wait for resolution. When the event resolves on-chain via the UMA optimistic oracle, the winning side settles to 100¢ automatically and USDC hits your balance within seconds. Withdrawable to any wallet you control.

How active is this market?

$42K in lifetime turnover and $36K of resting liquidity puts this market in the around the median by volume for trump cabinet contracts on PolyGram. Order-book depth is strong — order books support five-figure trades with single-cent slippage.

Last 24 hours alone saw $553 in turnover, consistent with the market's lifetime daily-average pace.

The market has been open for under a month — fresh enough that information asymmetry remains a real factor.

Higher-volume markets tend to have tighter spreads and faster price discovery — meaning the displayed YES/NO percentages are more likely to reflect the true crowd-implied probability rather than a single trader's directional view.

Key terms

YES / NO share
A binary outcome token that pays $1.00 if the underlying claim resolves true (YES) or false (NO), and $0 otherwise. The market price between 0¢ and 100¢ is the implied probability.
CLOB
Central limit order book. The matching engine that pairs YES buyers with NO buyers (effectively the same trade). Polymarket's CLOB on Polygon executes trades on-chain via the conditional-tokens framework.
Liquidity
USDC capital sitting in resting limit orders inside the order book. Deeper liquidity means smaller slippage on large trades and a tighter bid-ask spread.
UMA optimistic oracle
The on-chain dispute system that settles each Polymarket market. A proposer submits the outcome, a two-hour challenge window opens, and unchallenged proposals finalise the resolution.
Slippage
The difference between the displayed mid-price and your fill price. Affects market orders most; limit orders avoid slippage but may take time to fill.
Conditional token
ERC-1155 outcome share issued by Gnosis Conditional Tokens on Polygon. The token type that resolves to $1.00 or $0.00 at settlement.

See the full prediction-market glossary →

Frequently asked questions

How does this market resolve?

Resolution is handled by the UMA optimistic oracle on Polygon. A proposer submits the outcome, a 2-hour dispute window opens, and if uncontested the payout is final. Contested outcomes escalate to UMA token holders.

When does this market close?

This prediction market is scheduled to close on 31 December 2026. After the resolving event occurs, settlement typically clears within 24 hours once the UMA optimistic oracle confirms the outcome. All payouts are in USDC on the Polygon network.

How can I trade on "Who will Trump announce as next Secretary of Labor?"?

To trade on this prediction market, create a free PolyGram account at polygram.ink, deposit USDC via Polygon, and place a YES or NO order on the outcome you believe in. You can learn more on our how-it-works page. Your maximum loss is limited to your stake — there is no leverage or margin.

What happens when the market resolves?

When the outcome is determined, winning YES shares pay out $1.00 each in USDC, while losing shares pay $0. Settlement is handled by the UMA optimistic oracle on Polygon — a proposer submits the result, a two-hour dispute window opens, and if uncontested, payouts are distributed automatically. You can withdraw your winnings to any Polygon wallet.

Risk and regulatory note

Prediction-market positions can lose 100% of staked capital. Outcomes are uncertain by definition — historical accuracy of crowd-implied probabilities is high in aggregate but not for any single market. PolyGram does not provide investment advice. Trade only with capital you can afford to lose.

Regulatory status varies by jurisdiction. Germany, the United States, and most EU countries treat Polymarket-style event contracts under one of three frameworks: financial derivative, gambling product, or unregulated novel asset. Consult local counsel before trading.

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