Karla Barker 
Trump Media Expands into Prediction Markets
Trump Media & Technology Group is preparing to launch a new prediction market platform called “Truth Predict” through its Truth Social network. The platform will allow users to make predictions on various events including political elections, inflation rates, and commodity prices. This move represents a significant expansion beyond the company’s core social media operations.
According to Bloomberg reports, trading on the platform will be conducted through Crypto.com’s North American derivatives platform. The company plans to launch Truth Predict initially in the United States, with global expansion following testing phases. The timing appears strategic, as prediction markets like Polymarket and Kalshi are experiencing record trading volumes.
Democratizing Information Through Crowd Wisdom
Trump Media CEO Devin Nunes framed the initiative as a democratization effort. “We are opening these markets, long controlled by global elites, to the people,” Nunes stated. “With Truth Predict, we are democratizing information, empowering Americans to harness the wisdom of the crowd, and transforming free speech into foresight.”
This approach suggests the company sees prediction markets as a natural extension of its free speech mission. Though some might question whether financial speculation aligns with that mission, the company appears to be positioning it as a form of collective intelligence gathering.
Strategic Partnerships and Revenue Generation
The partnership with Crypto.com isn’t new—the companies recently collaborated to create a crypto treasury for purchasing and storing CRO tokens. This latest development deepens that relationship significantly. The choice of Crypto.com’s derivatives platform suggests the company wants established infrastructure rather than building from scratch.
From a business perspective, this represents another attempt to generate revenue from Trump Media’s retail investor base. The company has been exploring various monetization strategies, and prediction markets could provide a steady revenue stream if they gain traction.
Political Connections and Regulatory Landscape
The timing is interesting given the current political climate. Crypto.com CEO Kris Marszalek was among the first crypto executives to visit Trump at Mar-a-Lago after the election. The company’s political contributions—$1 million to Trump’s inaugural committee and $10 million to MAGA Inc.—suggest a close relationship.
Regulatory challenges have been part of the story too. Crypto.com faced an SEC lawsuit last October that was withdrawn following Trump’s election victory. The SEC closed its investigation into the company in March 2025, clearing the way for this type of expansion.
Prediction markets exist in something of a regulatory gray area, though recent developments suggest they’re gaining acceptance. The success of platforms like Polymarket, which is reportedly preparing for funding at a $15 billion valuation, indicates growing market appetite.
Whether Truth Predict can capture meaningful market share remains to be seen. The platform will need to attract users beyond Trump’s core supporters to achieve scale. Still, the combination of social media and prediction markets represents an interesting experiment in how these technologies might converge.
I think the broader trend here is worth watching—the blending of social platforms with financial instruments could reshape how people engage with both. Though whether this particular implementation succeeds will depend on execution, regulatory developments, and user adoption.