Truth Predict to embed event contracts on social media platform
US President Donald Trump’s Truth Social announced a partnership with Crypto.com on Tuesday to launch prediction markets on the platform. Consequently, upon launch, Truth Social could become the first social media platform to offer event-contract trading capabilities.
Under the deal, the new service, Truth Predict, will allow users to trade contracts on a range of events, including:
- Political elections
- Sports outcomes
- Commodity prices (oil and gold)
- Inflation rates
- Interest rate fluctuations
“Truth Predict will allow our users to engage in prediction markets with a trusted network while harnessing our platform to discuss and compare predictions,” said Devin Nunes, CEO of Trump Media.
Election Betting in Focus
Moreover, the announcement comes days after Trump nominated Michael Selig to serve as chair of the US Commodity Futures Trading Commission (CFTC). Therefore, Truth Predict will run on Crypto.com’s Derivatives North America, a CFTC-registered exchange and clearinghouse.
Currently, Crypto.com offers pricing only on the New York City mayoral election, where Democratic nominee Zohran Mamdani holds a 93% probability to win. While a 2028 US Presidential contract is not yet available, other prediction markets have already listed Trump as the consensus third-choice Republican nominee.
Regulatory Context
In addition, over the past year, US states have debated the legality of sports and event contracts. For instance, operators like Kalshi argue that the contracts fall under federal CFTC regulation, whereas others face legal challenges at the state level. Internationally, European regulators adopt a more cautious approach:
- Germany: prediction markets often violate federal gambling regulations
- France: Polymarket geofenced users following ANJ rulings
- UK: event contracts are treated as gambling, allowing election betting
Finally, Truth Social plans to begin beta testing soon, with a global rollout once regulatory requirements are met.
“We are thrilled to integrate Truth Social’s pioneering platform with our industry-leading regulated prediction market technology,” said Kris Marszalek, CEO of Crypto.com.
