Trump’s Truth Social Partners With Crypto.com to Launch Event-Based Betting Platform

Truth Social, the social media platform founded by U.S. President Donald Trump and operated by Trump Media & Technology Group (TMTG), announced on October 28, 2025, an exclusive partnership with Crypto.com Derivatives North America (CDNA), a Commodity Futures Trading Commission (CFTC)-registered exchange, to launch "Truth Predict". This groundbreaking feature positions Truth Social as the world's first social media platform to embed prediction markets directly within its app, allowing users to trade contracts on real-world events, including political elections, interest and inflation rate changes, commodity prices like gold and crude oil, and outcomes from all major sports leagues. TMTG CEO Devin Nunes hailed the move as "democratising information and empowering everyday Americans to harness the wisdom of the crowd, turning free speech into actionable foresight."

Unlike traditional gambling regulated by state authorities, prediction markets operate as financial contracts overseen by the CFTC, where users buy shares priced from a few cents to nearly a dollar based on perceived probabilities—settling at $1 for correct predictions and $0 otherwise. Beta testing on Truth Social will commence in the near future, followed by a full U.S. rollout and eventual global expansion pending regulatory approvals. Users can fund wagers by converting in-app "Truth gems"—earned through engagement—into Crypto.com's Cronos (CRO) token, building on an existing rewards partnership that includes TMTG holding nearly 700 million CRO. Crypto.com CEO Kris Marszalek described prediction markets as a "multi-deca-billion dollar industry" that aligns with social media's community-driven pursuit of truth.

The announcement arrives amid explosive growth in prediction markets, with platforms like Polymarket and Kalshi recording over $20 billion in combined volume and attracting major investments, such as Intercontinental Exchange's $2 billion stake in Polymarket. These markets gained prominence during the 2024 U.S. election for outperforming polls in accuracy, drawing interest from sportsbooks like DraftKings while sparking regulatory debates over sports event contracts. TMTG, which reported $1.7 million in revenue and a $51.7 million net loss for the first half of 2025, views Truth Predict as a diversification strategy alongside its Truth+ streaming service and Truth.Fi fintech brand.

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While proponents praise prediction markets for aggregating collective intelligence, critics raise alarms over addiction risks—particularly among young adults—and potential conflicts given Trump's family ties to crypto ventures and his recent CFTC chair nominee. Shares of TMTG (NASDAQ: DJT) rose up to 4.4% in premarket trading, and CRO surged around 5%, signalling market enthusiasm. As Truth Predict integrates speculation with discourse, it could redefine social media's role in finance, though its success hinges on user adoption and navigating ethical scrutiny in a polarised landscape.

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