Truth Social Enters Prediction Markets in Collaboration with Crypto.com

By: Eliza Bennet

In a groundbreaking move within the social media landscape, Trump Media and Technology Group (TMTG), co-founded by former US President Donald Trump, has announced a strategic partnership with the renowned cryptocurrency exchange, Crypto.com. The collaborative venture aims to introduce a novel prediction markets platform known as Truth Predict to the Truth Social app.

The initiative seeks to empower 6.3 million Truth Social users by providing them with a platform to engage in prediction markets, which have traditionally been dominated by elite entities. The development is heralded as a democratizing force, enabling everyday users to leverage collective insights for predictive purposes.

According to TMTG, Truth Predict will revolutionize the way information is shared and utilized on social media. Devin Nunes, CEO of Trump Media, emphasized the innovative nature of the project, stating, “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 platform aims to enhance user engagement by fostering participative forecasting through the power of community insights.

Crypto.com, known for its extensive reach and robust digital infrastructure, is poised to bolster this mission by providing the necessary technological backbone. As the first social media platform to incorporate such prediction market capabilities, Truth Social sets a precedent, marking a significant intersection between social media and blockchain technology. This partnership not only broadens the scope of social interactions but also promotes a greater understanding of the collective prognosis in various societal and economic domains.