Trump Media and Technology Group (TMTG), a technology and media company co-founded by US President Donald Trump, plans to enable prediction markets on its social media platform, Truth Social.
Truth Social has partnered with Crypto.com, a major US crypto exchange, to launch the social media prediction market platform called Truth Predict, according to an official announcement on Tuesday.
"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," Trump Media CEO Devin Nunes said.
Truth Social’s move into prediction markets comes amid a booming global prediction markets industry, with two major industry players, Kalshi and Polymarket, leading the trend.
Since its launch in 2022, Truth Social has amassed around 6.3 million users as of January 2025, trailing far behind rival platforms like X, which had roughly 650 million users in early 2025, according to SEO.ai data.
Full US Launch Expected Soon
According to the statement by TMTG, Truth Social’s prediction market integration will begin beta testing live on the social media platform "in the near future."
Following the beta launch, Truth Social expects to proceed with a full launch of Truth Predict in the US, the announcement notes.
While the upcoming Truth Predict launch targets the US market explicitly, established market players like Kalshi and Polymarket have faced challenges in offering their prediction markets in the US.
On Monday, Kalshi filed a lawsuit against the New York State Gaming Commission, accusing the regulator of overstepping its jurisdiction by issuing a cease and desist order for allegedly illegally offering sports betting in the state.
Polymarket is currently in the process of resuming operations in the US after the platform had to exit in 2022 following a settlement with the Commodity Futures Trading Commission (CFTC) for operating an unregistered derivatives trading platform.
The CFTC and the US Department of Justice have since dropped investigations against Polymarket, underscoring the softening approach to crypto as a whole under the Trump administration.
Donald Trump Jr., the eldest son of the US president and the executive vice president of the Trump Organization, joined Polymarket’s advisory board in August.