Donald Trump’s Truth Social is venturing into the world of crypto-based prediction markets with the launch of Truth Predict.
This new service, operated by Trump Media & Technology Group, aims to allow users to place cryptocurrency bets on a range of events, directly competing with established platforms like Polymarket.
Truth Predict will enable users of Truth Social to bet on outcomes of events such as sports games, political elections and economic changes. The service is built on a partnership with an affiliate of the crypto exchange Crypto.com.
This move positions Truth Social to tap into the growing popularity of prediction markets, which began gaining mainstream attention before the 2024 US Presidential Election.
Devin Nunes, CEO of Trump Media & Technology Group, says: “With Truth Predict, we are democratizing information and empowering everyday Americans to harness the wisdom of the crowd, turning free speech into actionable foresight.”
Truth Predict joins a landscape dominated by platforms like Polymarket and Kalshi, both recently valued in the multibillion-dollar range.
Polymarket faced regulatory hurdles when it exited the US in 2022 due to a settlement with the Commodities & Futures Trading Commission. The settlement required Polymarket to halt its services in the US under allegations of operating an unregistered derivatives trading market. However, with the Trump administration’s recent regulatory shifts, Polymarket is preparing for a US return.
Zach Hamilton, Founder of crypto startup Sarcophagus, said: “If you had to point to one reason (why crypto prediction markets) are able to come back to the US, you have to point to the Trump administration.”
The Trump family has stakes in other prediction markets, with Donald Trump Jr. serving as a Strategic Adviser to Kalshi and joining Polymarket’s Advisory Board following an investment from 1789 Capital, a venture capital firm where he is a partner. This involvement raises concerns about potential conflicts of interest as the Trump administration influences policy changes.
The launch of Truth Predict could lead to internal competition within the Trump family’s business empire. Competing ventures have already emerged, such as the establishment of separate Bitcoin treasuries by Trump-affiliated businesses.
Chris Perkins, Managing Partner at crypto VC firm CoinFund, notes: “From a venture capital perspective, many of us don’t like to invest in competing projects. We try to avoid that.”
As Truth Predict enters the market, it sets the stage for dynamic interactions between politics, business and digital currencies, highlighting the complex and rapidly evolving landscape of crypto-based prediction services.




