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★ Private Action

Truth Social launches prediction market with Crypto.com affiliate

Crypto DeregulationTrump Family Business Dealings

Filed October 2025

★ The Brief

What happened

Trump Media & Technology Group launched Truth Predict, a crypto-based prediction market for sports, politics, and economic outcomes, partnered with a Crypto.com affiliate. The platform competes with Polymarket and Kalshi.

Who enabled it

Who benefits

Deal or steal?

Trump's family launched into a market the administration deregulated (DOJ dropped its Polymarket probe). Donald Trump Jr. is also strategic advisor at Kalshi and an advisor at Polymarket, the two named competitors.

Trump Media & Technology Group, which operates Truth Social — the social media platform majority-owned by Donald Trump and his family — announced the launch of Truth Predict, a cryptocurrency-based prediction market service. Truth Predict allows users to bet on the outcomes of events ranging from sports to political races to economic indicators. The service is being launched in partnership with an affiliate of the crypto exchange Crypto.com and will compete with Polymarket and Kalshi. The announcement was made around October 28, 2025.

Actors

Who pushed it · 2

Who initiated, paid, or pushed the action.

  • Crypto.com

    An affiliate of Crypto.com is partnering with Trump Media to power the Truth Predict platform.

    Crypto.com has paid into Trump’s orbit:

  • Trump Media & Technology Group
    Trump Media & Technology Group

    Launched Truth Predict, a crypto prediction market, as a new product of its Truth Social platform, entering a market made viable in the US by the Trump administration's regulatory posture.

Beneficiaries

Who gained · 1

Who stood to gain.

  • Donald Trump
    Donald Trump

    As majority owner of Trump Media & Technology Group along with his family, stands to benefit financially from the launch and growth of Truth Predict.

Sources

Further reading