Trump Media and Technology Group Corp. (Nasdaq, NYSE Texas: DJT), the operator of Truth Social, has announced an exclusive partnership with Crypto.com | Derivatives North America (CDNA) to introduce prediction markets directly within the Truth Social platform.
The collaboration will make Truth Social the first social media platform to integrate event-based trading functionality through a CFTC-registered exchange and clearinghouse.
Under the agreement, Truth Social will launch “Truth Predict,” a feature enabling users to trade prediction contracts on outcomes across a range of topics including political elections, economic indicators such as inflation and interest rates, commodity prices, and sporting events.
Prices for these contracts will update in real time, providing an interactive experience tied to current global events.
All event contracts will be offered via CDNA, ensuring compliance with federal regulations while embedding trading capabilities within the social media environment.
Beta Launch
A beta launch is scheduled to take place in the United States before an international rollout, subject to regulatory requirements.
Truth Social and Truth+ users will also be able to use their existing “Truth gems,” earned through platform engagement, by converting them into the Cronos (CRO) cryptocurrency for participation in Truth Predict contracts.
The partnership follows Trump Media’s earlier collaboration with Crypto.com to introduce CRO-based rewards on Truth Social and Truth+, alongside plans to establish Trump Media Group CRO Strategy, Inc., a digital asset treasury initiative created through a proposed business combination with Yorkville Acquisition Corp (Nasdaq: MCGA).
“We are thrilled to become the world’s first publicly traded social media platform to offer our users access to prediction markets,” said Devin Nunes, Chairman and CEO of Trump Media.
“Truth Predict will allow our loyal users to engage in prediction markets with a trusted network while harnessing our social media platform to provide totally unique ways for users to discuss and compare their predictions.
“With more than $3 billion in financial assets as of the end of the second quarter, and having posted our first quarter of positive operating cash flow after going public just last year, Trump Media is well-positioned to leverage our strong balance sheet and existing social media capabilities to create a new standard for access to prediction market platforms.
Elites
“For too long, global elites have closely controlled these markets – with Truth Predict, we’re democratizing information and empowering everyday Americans to harness the wisdom of the crowd, turning free speech into actionable foresight.”
“Prediction markets are poised to be a multi-deca-billion dollar industry,” said Kris Marszalek, Co-Founder and CEO of Crypto.com.
“Crypto.com has quickly become one of the most trusted providers of prediction market services, and we’re thrilled to combine with Truth Social to support the world’s first prediction markets available from a social media platform. This aligns perfectly with what users look for in social media – a community to engage with and seek truth.
“Truth Predict will provide customers with a powerful tool related to market sentiment on an unlimited number of events. We are thrilled to integrate Truth Social’s truly pioneering social media platform and technology with our industry-leading technology and regulated prediction market trading.”
