12:05 p.m. ▪
4
min read ▪ by
US President Donald Trump’s media company is expanding into prediction markets through a new venture with Crypto.com. The move, announced Tuesday, introduces Truth Predict, a new feature from Truth Social that allows users to bet on real-world events, from elections to sports scores.
Brief
- Trump Media is partnering with Crypto.com to launch Truth Predict, merging social media with decentralized prediction markets.
- Truth Predict allows users to trade event-based contracts and predict outcomes in politics, sports, and finance.
- The platform emphasizes transparency, blockchain-based pricing, and user-led discussions within Truth Social.
- Beta testing begins in the United States, with plans for global expansion once regulatory approvals are obtained.
Truth Predict will be integrated directly into Truth Social, the platform on which Trump frequently communicates with his audience. According to a Reuters report, the service aims to “democratize information” and provide users with an open space to test their predictions.
Trump Media explained that it intended to establish “a new standard of access” to prediction markets, with a focus on transparency and user engagement.
Crypto.com’s participation comes amid continued legal pressure. Earlier this month, a Nevada judge rejected his request to block state gambling regulations. Many in the crypto community viewed the move as a setback for the exchange’s broader plans in the United States.
Teaming up with Trump Media demonstrates the company’s commitment to remaining active in the prediction market despite regulatory challenges.
Devin Nunes, president and CEO of Trump Media, said the new platform aims to open prediction markets to a wider audience, moving control away from large institutions. He added that ordinary users will be able to express their views through market-based forecasts.
For too long, global elites have tightly controlled these markets. With Truth Predict, we are democratizing information and empowering everyday Americans to harness the wisdom of the crowd, transforming free speech into actionable foresight.
Devin Nunes
TMTG’s growing financial position supports its expansion efforts. The company reported more than $3 billion in assets at the end of the second quarter and achieved positive operating cash flow for the first time since going public last year.
New Platform Signals Trump Media’s Entry into Decentralized Finance
Management said Truth Predict would combine this financial foundation with its existing user base to create a dynamic trading environment for individual investors. Truth Predict will work similarly to other event-based contracting platforms such as Kalshi and Polymarket. Users will be able to trade contracts based on results related to public events.
As part of its design, the project will focus on:
- Encourage participation through Truth Social’s integrated network.
- Maintain transparent contract pricing supported by blockchain data.
- Offering events in the fields of politics, finance and entertainment.
- Provide real-time chat feeds to compare predictions.
- Gradual rollout, starting with beta testing in the United States.
The beta phase is expected to begin soon, followed by a full domestic launch and subsequent global expansion. Trump Media has confirmed plans to make Truth Predict available internationally once regulatory approvals are obtained.
Prediction markets have received renewed attention, especially after Polymarket attracted worldwide interest during the last US presidential election. With Truth Predict, Trump Media and Crypto.com aim to capture a share of this rapidly growing space, by blending political engagement and speculative finance.
Maximize your Cointribune experience with our “Read to Earn” program! For every article you read, earn points and access exclusive rewards. Sign up now and start enjoying benefits.
James Godstime is a crypto journalist and market analyst with over three years of experience in crypto, Web3, and finance. He simplifies complex and technical ideas to engage readers. Outside of his work, he enjoys football and tennis, which he follows with passion.
DISCLAIMER
The views, thoughts and opinions expressed in this article belong solely to the author and should not be considered investment advice. Do your own research before making any investment decisions.
