Truth Social, the social platform founded by Trump Media & Technology Group (TMTG), is preparing to launch a new product called Truth Predict — a blockchain-powered prediction market that will allow users to trade event-based contracts.
According to the company’s announcement, this makes Truth Social the first social media platform in the world to integrate such functionality. The new feature is being developed in collaboration with Crypto.com, one of the industry’s leading digital asset exchanges.
Trading Political, Economic, and Sports Forecasts
Truth Predict will enable users to buy and sell prediction contracts on a wide range of real-world events, including politics, sports, commodities, and macroeconomic trends such as gold and oil prices.
These contracts will be offered through Crypto.com Derivatives North America (CDNA), a subsidiary registered with the U.S. Commodity Futures Trading Commission (CFTC). The beta version is expected to roll out soon, followed by a wider launch across the U.S. and, eventually, global markets.
Transactions within the platform will be conducted using Cronos (CRO) — Crypto.com’s native token. TMTG has previously indicated plans to deepen CRO integration across its ecosystem, including a new loyalty and rewards program based on the token.
“The First Public Social Platform with Prediction Markets”
“We’re proud to become the world’s first public social platform offering users access to prediction markets,” said Devin Nunes, CEO of TMTG.
“Truth Predict will empower our community to engage in market-based forecasting through a secure, blockchain-supported network — while using our social ecosystem to share, compare, and discuss their insights.”
Crypto.com Sees Billions in Market Potential
Kris Marszalek, CEO of Crypto.com, commented that the prediction market space is “poised to become a multi-billion-dollar industry.”
By partnering with TMTG, the exchange aims to capture a significant share of this emerging market and compete with platforms like Kalshi and Polymarket, which have already established themselves in the sector.
Notably, Kalshi and Polymarket recently entered into official partnerships with the National Hockey League (NHL), further legitimizing the concept of event-based trading in mainstream arenas.
Regulatory Challenges Ahead
Despite growing interest, prediction markets remain a regulatory gray area in parts of the U.S. Some state regulators classify these contracts as a form of online gambling.
For instance, New York authorities have demanded that Kalshi suspend operations in the state — a move that prompted the company to file a lawsuit in response.
