TLDR
- Truth Social will launch prediction markets using Crypto.com’s platform.
- Users can bet with money or convert Truth Gems into crypto for wagers.
- Trump Media owns over $3B in assets and posted its first cash-flow profit.
- Trump Jr. joined Polymarket’s advisory board and co-owns investor firm.
Truth Social, the social media platform launched by President Donald Trump, is entering the prediction market space through a new partnership with Crypto.com. The new feature, called Truth Predict, will allow users to place real-money bets or use in-app digital rewards. The platform claims it will be the first social media app to embed prediction markets directly into its interface.
Partnership Aims to Launch Social Media-Based Prediction Markets
Trump Media and Technology Group (TMTG), which operates Truth Social, announced the new collaboration in a press release issued Tuesday. The agreement allows Crypto.com to power a prediction market system integrated into Truth Social.
Devin Nunes, CEO of TMTG, stated, “We are thrilled to become the world’s first publicly traded social media platform to offer our users access to prediction markets.” The company said beta testing for the feature will begin soon, with a full U.S. rollout expected after that phase.
Truth Predict will allow users to place bets on a wide range of events, including sports, politics, and other public topics. Users can participate using either traditional currency or by converting “Truth Gems” into cryptocurrency that can be used within the market.
Expansion Follows Broader Market Trend
The move comes as interest in prediction markets continues to grow worldwide. Competitors like Kalshi and Polymarket have already expanded internationally, although they have faced regulatory issues in some regions.
Kalshi recently filed a lawsuit against the New York State Gaming Commission, claiming the agency overstepped by trying to classify its market as sports betting. Meanwhile, Polymarket has resumed U.S. operations after previously settling with the Commodity Futures Trading Commission (CFTC) in 2022 for running an unregistered platform.
With TMTG joining the market, it adds a high-profile name to the growing sector. The company also benefits from support within the current U.S. administration. Since Trump returned to office, the federal approach to prediction markets and crypto regulation has become less restrictive.
Crypto.com Named as Technical Provider
Crypto.com will act as the technical service provider for Truth Predict. This is similar to its recent partnership with Underdog, where the company supplied the underlying infrastructure but did not act as the official operator.
As a result, TMTG will not need to register with the CFTC as a futures commission merchant. Instead, Crypto.com will manage the technical and regulatory aspects of the platform.
Kris Marszalek, CEO of Crypto.com, said, “Crypto.com has quickly become one of the most trusted providers of prediction market services, and we’re thrilled to combine with Truth Social.” He added that the goal is to give users tools to interact with live event sentiment directly within a social media environment.
Financial and Regulatory Context
TMTG has gained financial flexibility since going public in 2024 after merging with a special purpose acquisition company. The company reported $3 billion in financial assets at the end of Q2 2025 and recently announced its first quarter of positive cash flow since the IPO.
Nunes pointed to the company’s financial position as key to launching Truth Predict. “Our strong balance sheet allows us to invest in both product development and user engagement,” he said.
President Trump owns a 53% stake in TMTG through a revocable trust. His son, Donald Trump Jr., is also involved in the prediction market space. He joined Polymarket’s advisory board in August and is a partner in 1789 Capital, an investor in that platform.
Trump’s nominee for CFTC chair, Michael Selig, comes from a background in crypto regulation. The administration has also closed investigations into Polymarket, indicating a lighter regulatory approach under the current leadership.
Crypto.com’s market is still facing legal questions in Nevada, where it has been ordered to shut down sports contracts by November 3. Despite these challenges, the platform continues to pursue partnerships and expand its offerings in the U.S.
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