Trump Media to Join With Crypto.com in Prediction Market Push

Trump Media and Technology Group, backed by President Donald Trump, is teaming up with Crypto.com to launch a prediction market named Truth Predict. This platform will allow users to bet on various events, including sports games and elections. The initiative comes in response to growing consumer interest in prediction markets. Users will engage through the Truth Social platform, aiming to democratize event forecasting and provide unique avenues for discussion. The announcement follows a legal setback for Crypto.com, which recently faced a judge's denial to block state gaming regulations. The prediction market is seen as a way to leverage Trump Media's substantial financial assets and capitalize on the burgeoning market, which includes competitors like Kalshi and Polymarket. The beta testing phase for Truth Predict is expected to commence soon, with a full launch planned for the U.S. market shortly thereafter.

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