Donald Trump’s social media company, Trump Media & Technology Group (TMTG), is preparing to launch a new platform where users can make predictions on events such as political elections, inflation rates, and commodity prices, according to Bloomberg.
This prediction market, called “Truth Predict,” will be available through Trump’s social media network, Truth Social.
Trading on the platform will be conducted through Crypto.com’s North American derivatives platform. Following testing, Truth Predict is planned to launch initially in the US and then globally.
Trump Media CEO and former Republican House of Representatives member Devin Nunes said in a statement:
The move is seen as part of Trump Media’s strategy to generate revenue from its retail investor base. The company recently partnered with Crypto.com to create a crypto treasury for purchasing and storing CRO tokens.
Trump Media’s entry into the prediction market comes at a time when trading volume on platforms like Polymarket and Kalshi is reaching record levels. According to Bloomberg, Polymarket is preparing for a new round of funding at a $15 billion valuation, while Kalshi is facing bids exceeding $10 billion.
Trump’s support for crypto assets has created new opportunities for companies in the sector. The stablecoin law and pro-digital asset appointments enacted after the president’s re-election have boosted crypto markets.
Crypto.com CEO Kris Marszalek was one of the first crypto executives to visit Trump at Mar-a-Lago shortly after his election. The company donated $1 million to Trump’s inaugural committee, while its parent company later contributed $10 million to a political action supercommittee called MAGA Inc.
Last October, Crypto.com faced a regulatory challenge from the SEC, but it withdrew the lawsuit following Trump’s election victory. In March 2025, the SEC closed its investigation into the company.
*This is not investment advice.
Source: https://en.bitcoinsistemi.com/donald-trumps-latest-cryptocurrency-venture-revealed-hes-entering-the-most-popular-topic/
