Published on: October 28, 2025, 11:36h.
Updated on: October 28, 2025, 11:36h.
- Truth Social introduces prediction markets
- Initiative made possible through partnership with Crypto.com
- Announcement covers events across “all major sports leagues”
On Tuesday, shares of Trump Media and Technology Group (NASDAQ: DJT) experienced an uplift following the announcement that Truth Social is launching into the prediction markets space via a collaboration with Crypto.com.
While the financial specifics of the partnership remain undisclosed, Trump Media highlighted that it will be pioneering the integration of event contracts directly into its platform. These contracts will be provided by Crypto.com Derivatives North America (CDNA), which is recognized by the Commodities Futures Trading Commission (CFTC).
“The integration will soon commence Beta testing on Truth Social, followed by a complete launch across the United States. After fulfilling all necessary requirements, Trump Media intends to broaden the service to an international audience,” as detailed in a recent press release.
Considering President Trump’s initiatives to deregulate cryptocurrency in the U.S., along with his family’s connections to the industry and Crypto.com’s established presence, digital currency is a significant component in the offering named Truth Predict, the prediction market initiative from Truth Social. Users of Truth Social and Truth+ who hold Truth gems—awarded for user engagement on the platforms—can exchange these gems for the cryptocurrency Cronos, enabling them to purchase event contracts.
Sports Contracts as a Component of Crypto.com and Truth Social Agreement
In a climate where prediction markets associated with sports events are under scrutiny, Crypto.com and Truth Social are boldly pursuing yes/no bets related to sporting contests. The two entities are actively incorporating these contracts.
“Event contracts will be made available via CDNA, allowing a federally compliant avenue to access these contracts and make predictions regarding various events, including politics, economics, finance, and sports—all seamlessly integrated with Truth Social technology,” according to the announcement.
Moreover, the press release emphasized “all major sports leagues,” suggesting that the sports-related offerings on Truth Social may be extensive. This update comes shortly after Crypto.com suspended its sports event contracts in Nevada due to ongoing litigation with the state.
Crypto.com was among the pioneers offering sports event contracts, entering this domain last December and quickly expanding its offerings, particularly during the NFL playoffs and Super Bowl. Some analysts within the gaming and prediction markets space now believe that sports derivatives constitute a significant portion of the trade volume in these exchanges, though it still falls short compared to regulated sports betting turnover.
Increased Involvement in Prediction Markets for Trump Jr.
The partnership between Crypto.com and Truth Social signals a deeper engagement in prediction markets for Donald Trump Jr., the president’s eldest son who serves on the board of Trump Media and Technology Group in Florida.
In August, Trump Jr.’s firm, 1789 Capital, invested in Polymarket, a leading name in the prediction markets sector. This strategic move has proven beneficial as Polymarket’s valuation has surged to $10 billion, and there are speculations about additional funding that could raise it to $15 billion.
Trump Jr. serves as an advisor to both Kalshi and Polymarket, the two frontrunners in the prediction market landscape.