Trump Media to launch world's first social media prediction market in deal with Crypto.com
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Trump Media to launch world's first social media prediction market in deal with Crypto.com
"Trump Media & Technology Group (TMTG), the parent company of Truth Social, has announced a groundbreaking partnership with Crypto.com | Derivatives North America (CDNA) to launch the first-ever prediction markets embedded within a social media platform. The collaboration will enable Truth Social's users to trade event-based contracts - from elections and interest rate changes to sports outcomes and commodity prices - under the brand "Truth Predict.""
"Truth Predict will allow users to buy and sell contracts tied to real-world outcomes, with prices updating in real time as events unfold - a model similar to established prediction platforms such as Kalshi or Polymarket, but with a key differentiator: direct integration into a social media environment. Users will be able to discuss, analyse, and trade predictions within the same ecosystem, blurring the lines between social discourse and financial speculation."
Trump Media & Technology Group partnered with Crypto.com | Derivatives North America to embed prediction markets into Truth Social as Truth Predict. The platform will let users buy and sell event-based contracts covering elections, interest-rate changes, sports outcomes, and commodity prices, with prices updating in real time. Integration into the social environment will enable users to discuss, analyse, and trade predictions within the same ecosystem, blending social discourse and financial speculation. Contracts will be offered via a CFTC-registered exchange and clearinghouse to ensure U.S. federal derivatives compliance, with broader global access planned after the U.S. rollout.
Read at Business Matters
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