yes this is allowed see "primary key materialized view":
Primary key materialized views may contain a subquery so that you can
create a subset of rows at the remote materialized view site
and "complex materialized view"
If you refresh rarely and want faster query performance, then use
Method A (complex materialized view).
If you refresh regularly and can sacrifice query performance, then use Method B (simple materialized view).
at http://download.oracle.com/docs/cd/B10500_01/server.920/a96567/repmview.htm
In your example chances are good IMHO that this is not a "complex materialized view":
CREATE MATERIALIZED VIEW events_today REFRESH FAST AS
SELECT * FROM EVENT WHERE event_date = trunc(sysdate);
Just try it and see if Oracle accepts it with the REFRESH FAST
clause.
EDIT - another option:
Depending on your DB Edition (Enterprise + Partitioning) and Version (11gR2) you could use a new Oracle feature called INTERVAL partitioning to define "daily partitions" within the existing table. This way most of your queries get alot faster without effectively duplicating the data - see http://www.oracle.com/technetwork/database/options/partitioning/twp-partitioning-11gr2-2009-09-130569.pdf