Trump Media & Technology Group, owner of Truth Social, has announced a partnership with Crypto.com to integrate prediction markets into its platform. The deal allows users to place bets on events including political elections, inflation changes, and sports across major leagues. This move positions Truth Social as the first social media platform to embed such betting capabilities directly in its app.
On Tuesday, October 28, 2025, Trump Media & Technology Group Corp. revealed plans to enter the booming prediction markets business through a partnership with Crypto.com, which owns the Nadex futures trading exchange. The agreement enables Truth Social users to access prediction contracts within the app, covering bets on political elections, inflation-rate changes, and all major sports leagues. The service, named Truth Predict, will begin initial beta testing in the near future, with a full U.S. launch planned soon after and eventual global expansion.
According to a press release, this integration makes Truth Social "the first social media platform to offer its users technology to access embedded prediction markets capabilities." Premium subscribers will receive special subsidies for their bets. The announcement follows Trump Media's August purchase of about $105 million in Crypto.com's affiliated token, CRO, as part of forming Trump Media Group CRO Strategy. Crypto.com CEO Kris Marszalek visited Trump's Mar-a-Lago resort in December 2024 and donated $1 million to Trump's inauguration.
President Donald Trump's family has longstanding ties to prediction markets. His son, Donald Trump Jr., serves as an advisor to Kalshi and Polymarket, invests in the latter through 1789 Capital, and sits on Trump Media's board of directors. Before his second term, Trump transferred his stake in the company to a revocable trust with Trump Jr. as sole trustee. These connections overlap with the administration's influence on the Commodity Futures Trading Commission (CFTC), which oversees such platforms. The CFTC has softened its stance on sports event contracts since Trump's inauguration, though acting chair Caroline Pham has not fully endorsed them. Trump recently nominated Mike Selig, chief counsel of the SEC's crypto task force, to permanently lead the CFTC.
The news impacted traditional sportsbooks, with shares in DraftKings and Flutter Entertainment down slightly on Tuesday. Prediction markets are upending the U.S. sports betting industry, following the NHL's recent embrace of the format. Trump's history includes 1980s investments in Atlantic City's casino industry, some leading to bankruptcies.