Trump’s Social Media Platform Truth Social Partners With Crypto.com

In a rather surprising turn of events, President Trump’s Truth Social has announced it will make Crypto.com’s prediction markets available on the social media platform, signaling a new direction for online betting sites.

Truth Predict Set to Launch

Despite a blizzard of legal hurdles emanating from state regulators aimed at eliminating prediction markets from offering sports event contracts in their markets, Truth Social has announced “an exclusive arrangement with Crypto.com Derivatives North America (CDNA), a [Commodity Futures Trading Commission]-registered exchange and clearinghouse.”

The name of the new entity is “Truth Predict,” which will allow market trading on all “political elections, interest and inflation rate changes, commodity prices on gold and crude oil, events across all major sports leagues, and more.”

Beta Testing and Global Launch Plans

The platform will undergo beta testing and comply with all federal regulations before launching in the United States, followed by a worldwide launch. When the official unveiling is scheduled is still unclear, but the wheels are most definitely in motion.

“Truth Predict will allow our loyal users to engage in prediction markets with a trusted network while harnessing our social media platform to provide totally unique ways for users to discuss and compare their predictions,” said Trump Media CEO Devin Nunes. “… For too long, global elites have closely controlled these markets – with Truth Predict, we’re democratizing information and empowering everyday Americans to harness the wisdom of the crowd, turning free speech into actionable foresight.”

A Strategic Partnership

Crypto.com CEO Kris Marszalek was equally as enthusiastic, stating, “Crypto.com has quickly become one of the most trusted providers of prediction market services, and we’re thrilled to combine with Truth Social to support the world’s first prediction markets available from a social media platform,” Marszalek said. “This aligns perfectly with what users look for in social media – a community to engage with and seek truth.

“Truth Predict will provide customers with a powerful tool related to market sentiment on an unlimited number of events. We are thrilled to integrate Truth Social’s truly pioneering social media platform and technology with our industry-leading technology and regulated prediction market trading,” he added.

Presidential-Friendly CFTC

The Commodity Futures Trading Commission, the federal agency that licenses and governs derivatives trading markets like Crypto.com, Kalshi, and Polymarket, has been reluctant to intervene in the legal squabble between its licensees and the state gaming regulators that have been at odds with the trading platforms.

That has much to do with the fact that President Trump has been a supporter of the platforms ever since they predicted he would win the election in a landslide, despite mainstream pollsters predicting a similar victory for Kamala Harris.

His son, Donald Trump Jr., is an advisor to Kalshi and Polymarket, and his father appoints the CFTC board, which explains why they have been eerily quiet regarding the legal morass that has embroiled prediction markets in offering sports event contracts throughout the United States.

Kalshi’s Legal Success and Industry Impact

As the industry leader, Kalshi, has successfully argued in court that federal governance supersedes state ordinances, mobile sportsbooks like FanDuel and DraftKings have been inching closer to participating in these markets instead of watching them erode their sports betting customer base.

DraftKings recently announced the purchase of Railbird, a derivatives exchange that will be poised to offer sports event contracts as well. However, these mobile sportsbooks risk drawing the ire of the state regulators who govern them, which is why many believe they will offer these contracts only in markets that have not currently legalized sports betting, like California and Texas.