Truth Social Teams Up With Crypto.com To Launch New Prediction Market

Truth Social, developed by Trump Media and Technology Group (TMTG), is venturing into the prediction market through a new collaboration with the ￰0￱ ￰1￱ to the announcement , Truth Social will become the first social network in the world to let users trade forecast contracts directly within its ￰2￱ upcoming feature, called Truth Predict, will allow users to trade on event outcomes across multiple sectors — from politics and sports to commodities like gold and ￰3￱ will be managed through ￰4￱ Derivatives North America (CDNA), a subsidiary registered with the ￰5￱ Futures Trading Commission (CFTC). Beta testing is expected to begin soon, followed by a ￰6￱ and later a global ￰7￱ contracts will be traded in Cronos (CRO), the native token of the ￰8￱ ￰9￱ Forecast Trading To The Masses ￰10￱ is leading the technical side of the project, while TMTG continues to integrate CRO tokens deeper into its products, including as part of an upcoming rewards program.

“We’re thrilled to become the world’s first public social platform offering users access to prediction markets,” said TMTG CEO Devin Nunes. “Truth Predict will give our community a trusted, social way to compare and discuss their forecasts.” ￰11￱ CEO Chris Marszalek added that the global prediction market industry is poised to become a billion-dollar ￰12￱ this partnership, TMTG aims to capture part of that growth and compete with existing platforms like Kalshi and Polymarket, both of which have collaborated with the National Hockey League (NHL) in the past. However, not all regulators are ￰13￱ ￰14￱ have labeled such contracts as a form of ￰15￱ particular, New York regulators have ordered Kalshi to stop promoting prediction contracts in the state, prompting the company to file a lawsuit in ￰16￱ regulatory headwinds, the Truth Predict launch positions Truth Social as a key player in the growing intersection of social media, crypto, and market forecasting.