Donald Trump’s media empire is making its boldest move yet into the world of finance and cryptocurrency, announcing the launch of a new prediction market platform called Truth Predict. This ambitious project, unveiled by Trump Media & Technology Group (TMTG) on October 27, 2025, is set to transform Truth Social—the company’s social media site—into the first publicly traded social platform to offer its users a way to wager on real-world outcomes.
Truth Predict, developed in partnership with Crypto.com, will allow users to place bets on a dizzying array of events, from U.S. election results and inflation rates to the outcomes of major sporting events. According to the official statement from TMTG, testing is slated to begin in the near future, with a full U.S. rollout planned before the platform expands internationally. The move positions Trump Media at the crossroads of social engagement, financial speculation, and digital assets, in what could become one of the most dynamic corners of fintech.
Devin Nunes, Trump Media’s CEO and former Republican congressman, framed the launch as both an economic and ideological statement. “For too long, global elites have closely controlled these markets,” Nunes declared in a press release. “With Truth Predict, we’re democratizing information and empowering everyday Americans to harness the crowd’s wisdom, turning free speech into actionable foresight.”
Prediction markets themselves aren’t new. Platforms like Polymarket and Kalshi have surged in popularity, particularly around major events like the 2024 U.S. presidential election. These platforms let users buy and sell contracts—each typically priced between $0 and $1—based on the probability of future events. The price reflects the market’s consensus on the likelihood of the event occurring. Unlike traditional gambling, users bet against each other rather than the house, with the platforms making money through transaction fees.
The timing of Truth Predict’s debut is no accident. According to Dune Analytics, prediction markets have hit record trading volumes in October 2025, surpassing even the frenzied activity of last year’s election cycle. Even established financial giants like CME Group and Intercontinental Exchange (ICE) are exploring ways to enter the space, recognizing the surging demand for event-based financial instruments.
Trump Media’s entry is particularly significant because of its integration with crypto. The infrastructure for prediction wagers will be handled by Crypto.com Derivatives North America, extending a partnership between the companies that began in August 2025 with the creation of a crypto treasury for CRO tokens. This setup allows users to fund, trade, and settle bets using cryptocurrency, potentially making transactions faster and sidestepping some regulatory hurdles associated with traditional payments.
Crypto.com’s CEO, Kris Marszalek, has described prediction markets as a “multi-deca-billion dollar industry.” His company’s involvement goes beyond business: Marszalek has donated over $11 million to Trump-affiliated political groups and visited Mar-a-Lago following Trump’s return to office. As Marszalek put it in a statement, “We are thrilled to become the world’s first publicly traded social media platform to offer our users access to prediction markets.”
The Trump family’s ties to the prediction market world run deep. Donald Trump Jr., a board member of Trump Media, is also a strategic adviser at Kalshi and sits on the advisory board of Polymarket due to his investment firm’s equity stake. This overlapping involvement, as reported by Wired, raises questions about potential conflicts of interest. The Trump family is no stranger to controversy in the crypto space, having reportedly earned around $1 billion in the past year from various cryptocurrency ventures. Their willingness to blur the lines between politics, business, and personal gain is already well established.
Truth Predict is designed to transform user engagement from passive posting to active participation. By embedding prediction markets directly into a social platform, TMTG aims to let users back their opinions on world events with real stakes. This approach merges the “wisdom of the crowd” effect—where aggregated public sentiment can outperform experts—with the viral nature of social media. As the company puts it, Truth Predict will “turn free speech into foresight.”
But the platform’s ambitions stretch far beyond politics. TMTG plans to offer markets on a wide range of topics, including economics, sports, and global news. Users might soon be able to bet on questions like “Will Bitcoin hit $100,000 by year-end?” or “Will AI surpass human intelligence by 2030?” Once regulatory conditions allow, the company intends to open Truth Predict to international users, mirroring the global reach of platforms like Polymarket.
Still, the legal landscape for prediction markets in the U.S. remains uncertain. The Commodity Futures Trading Commission (CFTC) oversees event contracts deemed to be financial derivatives, while state gaming commissions often classify them as gambling. This dual oversight has already sparked legal battles: Kalshi recently sued New York’s gaming commission, arguing that the state was overstepping its authority. Meanwhile, sports betting remains illegal in nearly a dozen states, raising questions about how event-based trading platforms like Truth Predict will be regulated.
Trump’s administration has signaled support for pro-crypto, pro-innovation policies, which could benefit Truth Predict and similar ventures. These policy shifts may provide the legal clarity that earlier platforms lacked, potentially clearing the way for wider adoption. The announcement of Truth Predict has already sent ripples through the fintech and gaming sectors. Shares of DraftKings and Flutter Entertainment, both of which have expanded into prediction markets, dipped on the news, while Crypto.com’s CRO token saw a spike in trading volume, reflecting optimism about the partnership’s potential to expand the blockchain’s user base.
For prediction market veterans like Polymarket and Kalshi, Trump Media’s arrival is a double-edged sword. On one hand, it brings unprecedented visibility to a niche industry. On the other, it introduces a politically charged competitor backed by a global brand and deep pockets. The success of Truth Predict will ultimately depend not just on user enthusiasm, but on how regulators respond to this new blend of social media, finance, and crypto.
For everyday users, Truth Predict could offer a novel way to engage with current events—turning posts and comments into real stakes. But it’s important to remember the risks: as with any financial product, speculation can lead to losses. The platform’s framing as a tool for empowerment is compelling, but users should proceed with the same caution they would apply to any investment.
Truth Predict is more than just a new feature. It’s a bold statement about the future of finance, technology, and public discourse. Whether it will democratize foresight or become the next flashpoint in the ongoing battle between innovation and regulation remains to be seen. One thing is certain: the world will be watching closely as Truth Predict enters the arena.