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The PM Pulse 071

Three takeaways stood out from Aaron Courtney (@probaaron)’s analysis of every trade in Kalshi’s “Who will be Trump’s next Press Secretary?” market, which settled to Katie Zacharia on Friday (10/9) (Pulse 064, which covered Kalshi’s investigation into suspicious trades on her pick):

Trader Notes chart, The PM Pulse 071
  1. Yes buyers paid $502,511 for names that settled at zero, led by Scott Jennings ($171,486) and Maria Bartiromo ($129,674).
  2. Zacharia drew $200,004 of Yes buying, but only $1,611 of it came before the news – 11 orders, the largest $483.
  3. The median order was $5.70, while orders of $1,000 or more – 1.4% of the total, or about 1 in 69 – paid 53% of the dollars.

Source: Aaron Courtney

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Sam Schwartz

Sam Schwartz

Founder, The PM Pulse · @samschwartz71

Sam Schwartz is the Founder of The PM Pulse – the intelligence layer for prediction markets. The PM Pulse is built on three pillars: the daily newsletter (Pulse), weekly trading volume analysis (Scoreboard), and takeaways from interviews with founders (Spotlight). Launched in July 2026, it reached 1,300+ subscribers within its first two months, including 300+ founders, executives, and leading traders in the industry.

Previously, he spent one year on the Operations team at ProphetX and two years in investment banking in HSBC's Financial Sponsors Group. He earned his B.S.B.A. in Finance and Accounting from Georgetown University.

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