Donald Trump’s media company is pushing deeper into the crypto frontier with the launch of Truth Predict, a blockchain-based betting and forecasting platform that will allow users to wager on the outcomes of political, economic and sporting events.
ICYMI:
The new product, developed in partnership with an affiliate of Crypto.com Derivatives North America, positions Trump Media & Technology Group (TMTG) to compete directly with fast-growing rivals Polymarket and Kalshi, both valued in the billions amid surging interest in crypto prediction tools.
Truth Predict users will be able to post and trade contracts framed as yes-or-no questions, such as:
- “Will the Fed cut rates again before year-end?” to “Will Barcelona win the Champions League?”
- The model mirrors Polymarket’s format, which gained prominence ahead of the 2024 U.S. presidential election as an alternative to traditional polling.
TMTG chief executive Devin Nunes said the platform will “democratize information and empower everyday Americans to harness the wisdom of the crowd,” describing it as an extension of Truth Social’s mission to blend free speech with “actionable foresight.”
The service will launch in beta on Truth Social for U.S. users, with plans to expand globally later.
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Prediction markets, where users bet against one another rather than a bookmaker, have drawn growing institutional attention. The parent of the New York Stock Exchange recently took a stake in Polymarket, underscoring the sector’s evolution from fringe experiment to mainstream financial instrument.
