Trump's Truth Social platform to launch prediction markets through Crypto.com partnership

With more than $3 billion in financial assets and its first positive operating cash flow, Trump Media & Technology Group Corp. is leveraging its balance sheet to enter the predictions market space.

The company announced a partnership with Crypto.com Derivatives North America (CDNA), a Commodity Futures Trading Commission-registered exchange and clearinghouse, to introduce event-based prediction markets on its Truth Social platform through a new feature called Truth Predict.

Predictions market expansion

According to Trump Media, Truth Predict will allow users to trade prediction contracts related to major events, including political elections, changes in interest and inflation rates, commodity prices on gold and crude oil, and sporting events across major leagues. The feature will provide real-time price updates so users can respond to market developments.

The initiative positions Truth Social as the first social media platform to embed access to federally compliant prediction market contracts via CDNA. Beta testing is expected to begin in the near term, with a full rollout planned across the United States. A global launch will follow once all required approvals are secured.

Trump Media Chairman and CEO Devin Nunes said the new product combines social interaction with predictive technology.

“Truth Predict will allow our loyal users to engage in prediction markets with a trusted network while harnessing our social media platform to provide totally unique ways for users to discuss and compare their predictions,” Nunes said. “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 added that Trump Media’s financial position and social media infrastructure will support the introduction of the new technology.

Blockchain use through Cronos

Trump Media said Truth Social and its streaming platform, Truth+, will integrate the Cronos (CRO) digital currency through Crypto.com’s technology. Users who earn in-platform “Truth gems” for engagement will be able to convert them into CRO tokens and use them to purchase Truth Predict contracts.

This integration builds on a previous agreement between Trump Media and Crypto.com to launch a CRO rewards system on Truth Social and Truth+, and to establish Trump Media Group CRO Strategy, Inc.

The entity follows a proposed business combination with Yorkville Acquisition Corp., a special-purpose acquisition company sponsored by Yorkville Acquisition Sponsor LLC, to create a digital asset treasury company focused on the acquisition of CRO.

Crypto.com partnership

Crypto.com Co-Founder and CEO Kris Marszalek said the collaboration aligns with what users expect from social media communities. “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 said. “This aligns perfectly with what users look for in social media – a community to engage with and seek truth.”

He added that the partnership will provide users “a powerful tool related to market sentiment on an unlimited number of events,” integrating Truth Social’s communication platform with Crypto.com’s regulated trading technology.

Trump Media’s entry into prediction markets comes as event-based trading platforms attract regulatory scrutiny from state authorities. State gambling regulators have also warned licensed sports betting operators about potential license implications should they offer sports predictions in any US jurisdiction.

Jeffrey Stantial of Stifel said there is potential for greater regulatory clarity on prediction market expansion by late 2025 or early 2026.