President Donald Trump’s media company is entering the booming world of prediction markets through a partnership with Crypto.com, marking another expansion of his growing technology enterprise. The collaboration will bring event-based trading directly to Truth Social, the social media platform operated by Trump Media and Technology Group Corp. (TMTG).

Under the agreement, Trump Media will introduce a new feature called Truth Predict, allowing users to trade event contracts tied to real-world outcomes in politics, economics, and sports. The feature, developed in collaboration with Crypto.com | Derivatives North America (CDNA)—a CFTC-registered exchange and clearinghouse—will make Truth Social the first publicly traded social media company to offer such a service.

“We are thrilled to become the world’s first publicly traded social media platform to offer our users access to prediction markets,” said Trump Media CEO Devin Nunes in a press release (pdf). “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.”

The integration will launch in beta testing on Truth Social in the coming weeks before expanding nationwide. Following its U.S. debut, Trump Media intends to make the platform available globally, pending regulatory clearance.

Bringing Crypto Rewards and Digital Trading Together

The partnership builds on the firms’ earlier collaboration announced in August, when Trump Media launched a CRO-based rewards system on both Truth Social and the Truth+ streaming platform. Under that initiative, users could earn “Truth gems” for engagement and convert them into Cronos (CRO), Crypto.com’s native digital currency. The same digital infrastructure will power Truth Predict, enabling participants to use Cronos tokens to buy or trade event contracts.

As part of their agreement, Trump Media will acquire $105 million in Cronos, while Crypto.com will purchase $50 million in Trump Media stock, underscoring the depth of the financial partnership.

“Prediction markets are poised to be a multi-deca-billion-dollar industry,” said Crypto.com CEO Kris Marszalek. “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.”

Trump Media emphasized that Truth Predict will include a wide array of tradable topics—such as elections, interest rate changes, gold and crude oil prices, and major sports outcomes. Prices will update in real time, letting users respond instantly to developing events.

Regulatory Landscape and Political Context

Prediction markets—where participants buy and sell contracts based on the likelihood of future events—are regulated in the United States by the Commodity Futures Trading Commission (CFTC). As the CFTC undergoes leadership changes, Trump has nominated Michael Selig, Chief Counsel for the SEC’s Crypto Task Force and senior advisor to SEC Chair Paul Atkins, to lead the agency.

Selig’s nomination replaces former candidate Brian Quintenz, a Kalshi board member and former Crypto.com adviser. Trump’s son, Donald Trump Jr., serves as a special advisor to Kalshi but holds no ties to Crypto.com.

Crypto.com’s Ongoing Legal Challenge in Nevada

While the partnership promises growth, Crypto.com continues to face regulatory challenges. Earlier this year, the Nevada Gaming Control Board issued a cease-and-desist order against Crypto.com for its sports-related event contracts. The company sued to overturn the order but lost its request for a preliminary injunction when U.S. District Judge Andrew Gordon denied the motion. Consequently, Crypto.com has decided to withdraw its sports event contracts from Nevada, even as it expands nationally through its alliance with Trump Media.

Despite such hurdles, both companies see major potential in blending social media engagement with decentralized finance. Trump Media stated that its strong balance sheet—boasting over $3 billion in assets and its first quarter of positive cash flow since going public—positions it to set a new benchmark for event-based trading platforms.

“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,” the company said in a statement.

As Truth Predict prepares for launch, Trump Media aims to transform the intersection of politics, cryptocurrency, and social engagement, ushering in a new era of event-driven trading that merges financial speculation with online discourse.