Donald Trump’s Truth Social plans to unveil a new vertical called “Truth Predict.” The product would facilitate sports betting via the social media platform.
It would be available in all 50 states, even in those where online sports gambling is illegal. The controversial product would operate outside the bounds of state sports betting regulation.
State-sanctioned sports betting was a $13.7 billion market in 2024, and it has continued to grow in 2025.
Announcement Shakes Up Gambling Sector
On Oct. 28, 2025, Trump Media and Technology Group Corp., the operator of Truth Social, announced that it would make so-called “prediction markets” available to users.
In the U.S., prediction markets are a nascent form of sports gambling, in which users “trade” contracts on a sports outcome. It’s distinct from traditional online sports gambling on apps like DraftKings and FanDuel.
Prediction markets have analogues to moneylines, spreads, over/unders, props, and parlays.
Nonetheless, prediction markets are still a form of gambling and potentially addictive/harmful to many users — even if the law might not (currently) classify it as such.
Sports betting is among the most addictive forms of gambling.
Prediction markets allow registered users 18+, despite nearly every state with regulated online sports betting setting the legal gambling age at 21.
Partnership with Crypto.com
The Truth Predict product would come through an arrangement with an entity called “Crypto.com | Derivatives North America (CDNA).”
CDNA is registered with the Commodity Futures Trading Commission (CFTC).
Under the CFTC, so-called prediction markets are offering sports betting outside of state regulation. Numerous states have challenged what they call illegal sports gambling.
Just days before the Trump Media announcement, New York sent a cease-and-desist letter to one of the largest prediction markets.
Historically, states and Native American tribes have had the exclusive right to regulate gambling within their borders. That changed under the second Trump Administration, but the courts are still looking into the issue.
The legality of prediction markets could reach the Supreme Court, which has been loyal to Trump on other unrelated issues.
The leading prediction markets are Kalshi and Polymarket, and Truth Predict would compete for market share. Notably, Donald Trump Jr., the president’s son, is an advisor and/or investor to both Kalshi and Polymarket.
Sports Betting and More on ‘Truth Predict’
Truth Social users would be able to trade prediction contracts related to:
- Events across all major sports leagues
- Political elections
- Pop culture/entertainment events
- Interest and inflation rate changes
- Commodity prices for gold and crude oil
“Prices will update in real-time, allowing users to react instantly to developments in major current events,” the announcement said.
What the Companies Are Saying
Devin Nunes, Chairman and CEO of Trump Media:
“We are thrilled to become the world’s first publicly traded social media platform to offer our users access to prediction markets. Truth Predict will enable our loyal users to engage in prediction markets with a trusted network while harnessing our social media platform to provide totally unique ways for users to discuss and compare their predictions. With more than $3 billion in financial assets as of the end of the second quarter, and having posted our first quarter of positive operating cash flow after going public just last year, Trump Media is well-positioned to leverage our strong balance sheet and existing social media capabilities to create a new standard for access to prediction market platforms. 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.”
Kris Marszalek, Co-Founder and CEO of Crypto.com:
“Prediction markets are poised to be a multi-deca-billion dollar industry. Crypto.com has quickly become one of the most trusted providers of prediction market services, and we’re thrilled to combine with Truth Social to support the world’s first prediction markets available from a social media platform. This aligns perfectly with what users look for in social media – a community to engage with and seek truth. Truth Predict will provide customers with a powerful tool related to market sentiment on an unlimited number of events. We are thrilled to integrate Truth Social’s truly pioneering social media platform and technology with our industry-leading technology and regulated prediction market trading.”
What’s Next for ‘Truth Predict’
The integration will begin beta testing on Truth Social “in the near future,” followed by a full U.S. launch, the announcement said.
Trump Media plans to launch the service globally “once all the requisite requirements are met.”
It’s unclear whether other countries would block the platform, which they may consider a form of illegal offshore gambling. Colombia, just to name one example, recently blocked access to Polymarket, calling it illegal gambling.
Trump Media also plans a rewards program and virtual currency for gambling.
“Truth Social and Truth+ users who have ‘Truth gems,’ which are earned for interacting on the platforms, will be able to convert their gems into the Cronos (CRO) digital currency and apply them to purchases of Truth Predict contracts,” the announcement said.
The press release did not mention casino games like roulette, poker, or blackjack, but that could come in the future, as industry observers have speculated. So far, no prediction platform in the U.S. market has offered casino games.
To compete with the new form of sports gambling, DraftKings recently announced its plan for a new “prediction” product. FanDuel is also expected to eventually enter the space in the U.S., pending legal clarity.
DraftKings’ stock was down about 6% to $31 a share following the Truth Predict announcement.
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