Trump media to enter prediction markets business

Donald Trump's social-media company is getting into the prediction markets business, where record betting is attracting a host of new entrants.


Trump Media & Technology Group plans to make prediction contracts available on Truth Social, allowing users to bet on events ranging from political elections to inflation-rate changes, as per a statement Tuesday. Initial testing of the service, called Truth Predict, will start "in the near future," it added.


The initiative adds to recent efforts by Trump Media to capitalise on its retail following and comes just after trading volume on the leading marketplaces, Polymarket and Kalshi, hit a fresh record. Truth Predict will use Crypto.com Derivatives North America to enable prediction wagers.