Trump Media Taps Crypto.com to Launch Prediction Markets on Truth Social

Truth Predict will let users bet on elections, Fed moves and more via a CFTC-registered exchange, making Truth Social the first social platform with native prediction markets.

Trump Media & Technology Group (DJT), the parent company behind President Donald Trump’s social platform Truth Social, plans to roll out prediction markets directly in the app through a deal with Crypto.com’s U.S.-registered derivatives arm, the companies announced Tuesday.

DJT is higher by 4.4% in premarket action. CRO$0.1590, the native token of Crypto.com, is higher by 4.9% over the past 24 hours.

If fully launched, Truth Social would become the first social media platform to integrate prediction markets natively. The move pushes Trump Media beyond social media into financial products, allowing users to turn their opinions into wagers and see market-based odds shift in real time.

In a statement, Trump Media CEO Devin Nunes said the company wants to give users tools that turn “free speech into actionable foresight.” The company reported over $3 billion in financial assets and recently achieved its first quarter of positive cash flow since going public.

While the beta test of Truth Predict is expected to launch soon, the company also said it will enable in-app token rewards to be converted into Crypto.com’s CRO$0.1589 token for use on prediction contracts. Those rewards, known as “Truth gems,” are earned by interacting with Truth Social and its streaming service, Truth+.

Crypto.com CEO Kris Marszalek said the partnership aims to bring prediction market trading to a broader audience by merging social engagement with financial forecasting.

The product will first roll out in the U.S., with international expansion planned after regulatory approvals. Trump Media also hinted at broader digital asset ambitions, including a treasury product focused on CRO through a pending SPAC merger with Yorkville Acquisition Corp.

Trump Media’s move puts it in direct competition with established prediction market platforms like Polymarket and Kalshi, both of which have secured major financial backing this year.

By Helene Braun, AI Boost|Edited by Stephen Alpher

AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.