New york: US President Donald Trump’s media firm, Trump Media, announced a partnership with Crypto.com to make Truth Social the first social media platform to offer prediction markets.

According to Anadolu Agency, the integration will enable Truth Social users to access embedded prediction markets capabilities through Crypto.com | Derivatives North America (CDNA). Trump Media’s new product, “Truth Predict,” will allow users to trade prediction contracts on significant events such as political elections, interest and inflation rate changes, commodity prices, and major sports events.

The statement highlighted that prediction contract prices would update in real-time, enabling users to respond instantly to major developments. Trump Media CEO Devin Nunes expressed excitement about becoming the world’s first publicly traded social media platform to offer access to prediction markets, emphasizing the unique engagement opportunities for users.

Event contracts will be provided through CDNA, ensuring a federally compliant method of forecasting event outcomes in politics, economics, finance, and sports, all integrated with Truth Social’s technology. Crypto.com CEO Kris Marszalek noted the potential of prediction markets to become a multi-billion dollar industry, expressing enthusiasm for supporting the first social media-based prediction markets.

Trump Media operates Truth Social, the streaming platform Truth+, and the FinTech brand Truth.Fi. The company has been expanding its tech sector reach, recently launching a cellular service “T1 Mobile,” a smartphone “T1 Phone,” and filing for a Bitcoin and Ethereum ETF with the SEC.