Donald Trump’s social media company is moving into the rapidly growing prediction markets sector, allowing Truth Social users to wager on real-world events, from political elections to sports outcomes.
Trump Media & Technology Group Corp. (TMTG) announced Tuesday it will launch Truth Predict, a new platform integrated with Truth Social. Initial beta testing will begin “in the near future,” with a nationwide rollout planned afterward.
The initiative comes as prediction markets, which allow participants to bet on political, financial, and cultural events, see unprecedented trading activity. Platforms like Polymarket and Kalshi recently hit record volumes, prompting interest from major financial institutions, including CME Group and Intercontinental Exchange.
“For too long, global elites have closely controlled these markets — with Truth Predict, we’re democratizing information and empowering everyday Americans to harness the wisdom of the crowd, turning free speech into actionable foresight,” said Devin Nunes, CEO of Trump Media and former Republican congressman.
Crypto.com Partnership Strengthens Platform
Truth Predict will operate through Crypto.com Derivatives North America, allowing users to place prediction-based wagers using the crypto exchange’s infrastructure. This builds on an earlier partnership creating a crypto treasury for holding the CRO token.
The platform will offer bets on commodities, economic indicators, and major sports events. “We are thrilled to become the world’s first publicly traded social media platform to offer our users access to prediction markets,”Nunes said, noting that the integration will provide “unique ways for users to discuss and compare their predictions.”
As part of the deal, Trump Media will buy $105 million in Cronos (CRO), while Crypto.com will acquire $50 million in Trump Media stock. Users can convert Truth Social rewards into Cronos tokens to trade event contracts.
“Prediction markets are poised to be a multi-deca-billion dollar industry,” said Crypto.com CEO Kris Marszalek. “Crypto.com has quickly become one of the most trusted providers of prediction market services, and we’re thrilled to combine with Truth Social to support the world’s first prediction markets available from a social media platform.”
Marszalek has maintained close ties with Trump, visiting Mar-a-Lago after the election and contributing significant funds to Trump-aligned political organizations.
Regulatory Tensions and Leadership Moves
The venture arrives amid increased regulatory scrutiny. The Commodity Futures Trading Commission (CFTC) oversees prediction markets, and Trump nominated Michael Selig, SEC Crypto Task Force Chief Counsel, as CFTC Chair. Selig was chosen over former Crypto.com advisor and Kalshi board member Brian Quintenz.
Crypto.com has faced legal challenges over its event contracts. After the Nevada Gaming Control Board issued a cease-and-desist order, the company sued but failed to get an injunction. As a result, it plans to halt sports event contracts in Nevada while expanding elsewhere through the Trump Media partnership.
Meanwhile, the wider prediction market sector continues to grow. Polymarket — where Trump Jr., Donald Trump’s eldest son, serves as an advisor—is seeking funding at up to $15 billion, while Kalshi is considering offers exceeding $10 billion.
With Truth Predict, Trump Media positions Truth Social at the center of a rapidly evolving market that combines cryptocurrency, such as these, online wagering, and social interaction, further expanding the influence of Trump-affiliated businesses in digital betting.
Source:
“Trump Media’s Truth Social to enter prediction markets business with Crypto.com”, amazonaws.com, October 28, 2025
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