Trump Media, Crypto.com To Take On Polymarket And Kalshi With Truth Social Prediction Markets
Trump Media and Technology Group (TMTG) is partnering with Crypto.com to take on Polymarket and Kalshi with a new prediction markets platform on Truth Social. Called Truth Predict, the platform will begin beta testing soon before a full US launch, with global expansion planned once regulatory requirements are met, according to a statement. “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,” said TMTG CEO Devin Nunes. The move marks Trump Media’s most direct challenge yet to established prediction market leaders Polymarket and Kalshi, both of which face regulatory headwinds in the US. TMTG’s shares closed up 0.8% yesterday and climbed a fraction of a percent in pre-market trading today. Crypto.com’s native CRO token slid more than 1%. TMTG ...