Trump Media & Technology Group (TMTG) has unveiled a new platform, Truth Predict, set to revolutionize predictive markets. Trusted in collaboration with Crypto.Com, the project will allow Conservative network users to get involved in trading contracts, which will be related to such major world events like political elections, inflation rates, and sports results.
The step makes Alt-tech media the first social media platform to include prediction markets, a combination of social networking and financial forecasting.
The new application, The Predict, incorporates the Crypto.com North America Derivatives platform that will be used to deal with trades involving a wide variety of events. The users can bet on a prediction in any of the markets such as politics, commodities like gold and oil, interest rates and major sporting leagues.
These prediction contracts will change their prices in real-time enabling the user to change his bet according to the new developments.
Devin Nunes, the CEO of the channel, was enthusiastic to provide users with an opportunity to make their predictions and take an active role in discussions on the site. “Truth Predict will provide a space for our loyal users to engage with a trusted network while discussing and comparing their predictions,” Nunes said.
The new feature is expected to be a significant addition to the Conservative network, combining social media with innovative financial tools.
The channel is set to rest on its laurels by relying on the traditional services of social firm through Predict. This new project introduces prediction markets into the Truth Social app that gives the user a chance to engage with market data and financial predictions in real-time.
The forecasts are possible based on the cryptocurrency, such as the own CRO token of Crypto.com, which can be obtained through the interactions with Truth-based network, or Truth+. The integration will ensure that prediction markets become more accessible to more people and also encourage participation in the The Media ecosystem.
With the feature being tested, it is in the planning of a full release in the U.S. and hopes of an international release once regulatory obstacles are overcome. This is also the way that the company is setting itself up to compete with the other already existing companies such as Polymarket and Kalshi, two portals that have already made massive strides in the space of the prediction market this year.
The introduction of the Predict is an indication of the intentions Trump Media has to enter the digital asset industry. As the platform expands its reach, The Media keeps diversifying its services such that now it offers Truth+ streaming and .Fi fintech brand.
The implementation of prediction markets into Truth Social not only enhances the business to be more represented in both the technological and financial fields but offers a new space through which users can guess events in a fun and interactive way.
Frank Bevah is a seasoned crypto and finance journalist with over five years of experience in the industry. He is widely recognized for his in-depth market insights, well-researched reporting, and sharp analytical skills. Specializing in cryptocurrency, blockchain, and global financial markets, Frank consistently provides accurate, timely updates and data-driven analysis that guide readers through the complexities of digital assets. His work emphasizes spotting emerging trends, examining market cycles, tracking technological innovations, and monitoring regulatory developments shaping the crypto landscape. Beyond journalism, Frank enjoys playing chess, traveling, and exploring new experiences. He is based in Mombasa County, Kenya.