Trump Media Teams Up With Crypto.com to Roll Out “Truth Predict” Market Platform
- Truth Predict will launch with Crypto.com support, entering a fast-growing U.S. prediction market dominated by Polymarket and Kalshi
- The platform expands Trump Media and Crypto.com’s collaboration, adding to joint treasury and product initiatives amid rising regulatory scrutiny
Trump Media & Technology Group (NASDAQ: $DJT) is preparing to introduce a new prediction market platform, Truth Predict, through a partnership with Crypto.com. The project places the company in a growing U.S. event-contracts sector currently led by platforms such as Polymarket and Kalshi. The product will undergo testing in the coming weeks, with a local launch planned before expansion to other regions.
ruth Predict is intended to allow users to trade on the outcomes of political events, key economic releases, sports results and commodity-linked developments. According to details shared with Bloomberg, the platform aims to tap into a market that has seen increased activity ahead of the U.S. election cycle and major economic data releases.
Devin Nunes, CEO of Trump Media, stated that the platform intends to broaden public access to prediction markets, noting that the company views crowd-driven forecasting as a way to widen participation in event-based trading.
The move comes during heightened interest across existing platforms. Data compiled by Dune Analytics shows that weekly notional trading on Polymarket and Kalshi recently surpassed levels recorded during the 2020 U.S. elections.
Partnership Extends Existing Crypto.com Collaboration
Truth Predict will operate through Crypto.com Derivatives North America, which will provide the underlying infrastructure to execute prediction contracts. The collaboration adds to previous joint initiatives between the two firms, including plans to develop exchange-traded products and a crypto treasury vehicle under the Truth.Fi label.
Trump Media has also disclosed the creation of a Cronos-denominated treasury following the acquisition of roughly 684 million Cronos (CRYPTO: $CRO) tokens valued at approximately $105 million. The structure was set up to support earlier collaborative ventures between the parties.
Competitive Landscape and Regulatory Backdrop
Truth Predict’s entry introduces an additional competitor to Polymarket, which is reportedly raising capital at a valuation nearing $15 billion and preparing to issue a POLY token, along with a retroactive airdrop for long-term users.
Kalshi, which uses a traditional regulatory framework rather than blockchain rails, recently filed legal action against New York’s gaming regulator, asserting that the state does not have authority over federally regulated event-contracts platforms.