President Donald Trump’s media company, Trump Media, has announced that it is heading into the prediction markets space, competing with the likes of Kalshi and Polymarket.

The new feature, called Truth Predict, will let Truth Social users make wagers on things like elections, interest rate changes, sports outcomes and more – with prices updating in real time as events unfold.

Truth Predict will be powered by Crypto.com Derivatives North America (CDNA), a federally registered exchange and clearinghouse. 

The move will make Truth Social the first social media platform to offer fully-integrated prediction markets in a compliant way.

Trump Media CEO Devin Nunes says the goal is to “democratize information and turn free speech into actionable foresight,” saying that prediction markets have long been dominated by institutional players.

The company plans to begin beta testing soon, then fully launch in the US before expanding to the global market.

Crypto.com CEO Kris Marszalek said the partnership is a “perfect fit” for Truth Social, as it combines social engagement with real-time market sentiment.

The two companies also have a broader partnership in place involving the CRO token, with plans to create a crypto treasury and rewards system across Trump Media platforms.

Once it’s live, Truth Predict will let users trade contracts tied to political, economic and sports outcomes – all from within the Truth Social app.

Additionally, users who earn Truth gems – Trump Media’s version of reward points – through activity on Truth Social or the Truth+ streaming app, will be able to convert those gems into CRO tokens.

They will then be able to be used to buy prediction contracts.

Trump Media says it’s in a strong position to scale, reporting over $3 billion in assets and its first quarter of positive operating cash flow since going public.

The move comes after a record surge in activity across other prediction platforms like Polymarket and Kalshi, where weekly trading volumes have recently surpassed their peaks seen during the 2024 election.

Despite their rapid uprising, prediction markets still remain a gray area in US laws and regulations.

Platforms like Kalshi are currently fighting state regulators over whether betting on events via prediction markets counts as gambling or qualifies as financial market activity.

Trump Media’s move signals that prediction markets – once just a blockchain experiment – may be safe for now.

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