TLDR
- Trump Media partnered with Crypto.com to launch Truth Predict, a prediction market feature on Truth Social where users can bet on politics, sports, economics, and commodity prices
- DJT stock rose 4.4% in premarket trading after the announcement, while Crypto.com’s CRO token gained 4.9% in 24 hours
- Truth Social will become the first social media platform to integrate regulated prediction markets directly into its app
- Users can earn “Truth Gems” rewards for engagement that convert to CRO tokens for placing bets through Crypto.com’s CFTC-registered exchange
- Truth Predict will compete with established platforms like Polymarket and Kalshi in the growing prediction market space
Trump Media & Technology Group announced Tuesday it will integrate prediction markets into Truth Social through a partnership with Crypto.com. The new feature, called Truth Predict, allows users to bet on real-world events directly through the social media app.
DJT stock increased 4.4% in premarket trading following the news. Crypto.com’s CRO token rose 4.9% over 24 hours.
Trump Media & Technology Group Corp., DJT
Truth Predict will let users place bets on political elections, Federal Reserve policy decisions, sports outcomes, and commodity prices. The bets go through Crypto.com’s CFTC-registered derivatives exchange to ensure U.S. regulatory compliance.
Trump Media CEO Devin Nunes said the product gives users tools to “turn free speech into actionable foresight.” The company reported its first quarter of positive cash flow recently and disclosed over $3 billion in financial assets.
How Truth Predict Works
A beta launch is expected soon. Users earn in-app rewards called “Truth Gems” for engaging with Truth Social and its streaming service Truth+.
These rewards convert to Crypto.com’s CRO token. Users then use CRO to enter prediction contracts on upcoming events through the platform.
Truth Social becomes the first social media platform to host native prediction markets. The feature merges political commentary with financial betting in a single app.
Trump Media expanded its relationship with Crypto.com this year. In August, the company launched a crypto treasury to buy and hold CRO tokens.
Competition in Prediction Markets
Crypto.com CEO Kris Marszalek said the partnership combines “social engagement and financial forecasting.” The feature aims to reach users who might not typically participate in derivatives markets.
Truth Predict will launch first in the U.S. Global expansion depends on getting approvals in other regions.
The platform will compete with Polymarket and Kalshi. Both services have attracted major investment and regulatory attention in 2024.
Prediction markets have grown rapidly over the past few years. In 2024, one trader made approximately $85 million betting on Donald Trump’s presidential victory through Polymarket.
Analysts say Truth Social’s existing user base combined with Crypto.com’s exchange infrastructure could help the new product. One market observer called it “the first time a mass-market social platform and a regulated crypto exchange have joined forces around real-money forecasting.”
Trump Media also mentioned plans for a CRO-linked treasury product. This connects to its pending SPAC merger with Yorkville Acquisition Corp.
Truth Predict enters the market as prediction platforms gain mainstream attention as forecasting tools. The feature represents Trump Media’s move beyond social networking into fintech and crypto-based services.
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