Truth Social, the social media platform operated by Trump Media and Technology Group, is set to launch prediction markets through a partnership with Crypto.com.
New feature
The new feature, called “Truth Predict,” will allow users to trade contracts related to outcomes of major events, including elections, interest rates, commodities, and sports leagues.
Prediction contracts integrated via cdna
The prediction contracts will be offered through CDNA, providing a federally compliant way for users to participate in event-based trading.
According to Devin Nunes, Chairman and CEO of Trump Media:
“We are thrilled to become the world’s first publicly traded social media platform to offer our users access to prediction markets. 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.”
Nunes also referenced the company’s financial strength, citing $3 billion in assets at the end of Q2 and its first quarter of positive operating cash flow since going public.
Prediction market industry surges
The launch follows significant growth in the prediction markets sector.
In September, leading platforms Kalshi and Polymarket saw a record $1.44 billion in combined trading volume, with Kalshi reportedly seeking valuations up to $12 billion and Polymarket drawing investment interest from Intercontinental Exchange at a $9 billion valuation.
