In Brief
- Truth Predict will offer real-time event contracts through integration with CDNA.
- Users can trade predictions on politics, economics, and sports directly on Truth Social.
- Trump Media stock rose 6% after announcing its entry into the prediction markets space.
Trump Media & Technology Group Corp. plans to launch a prediction markets feature called Truth Predict on Truth Social. The feature will allow users to trade contracts on events like elections, interest rates, commodity prices, and sports outcomes.
The company has partnered exclusively with Crypto.com | Derivatives North America (CDNA), a CFTC-registered exchange and clearinghouse. This integration makes Truth Social the first social media platform to offer federally compliant embedded prediction markets.
Users will access real-time pricing and event updates, with contracts reflecting outcomes across political, financial, and cultural domains. Beta testing is expected to begin shortly, followed by a full U.S. rollout and eventual global expansion.
Truth Predict will also allow users to convert Truth gems into CRO tokens and use them for contract purchases. This builds on an existing CRO rewards program across Truth Media platforms.
Market Growth Drives Strategic Expansion into Event-Based Trading
Trump Media reported over $3 billion in assets and its first positive cash flow quarter since going public. The company plans to leverage its strong balance sheet to support new product development.
Industry momentum has accelerated, with exchanges like Polymarket and Kalshi posting record volumes in recent months. Legacy exchanges, including CME and ICE are also exploring prediction markets as institutional interest rises.
Crypto.com CEO Kris Marszalek projects the industry could reach multi-deca-billion dollar scale in the coming years. The partnership positions Trump Media and CDNA to capture early market share through their regulated infrastructure.
Shares of Trump Media (NASDAQ: DJT) rose more than 4% following the announcement. The move signals increasing convergence between social media, fintech, and event-based trading platforms.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Source: https://coincu.com/news/trump-media-to-launch-prediction-markets/