Overview
- Truth Predict will let users trade real-time contracts on elections, economic indicators such as interest and inflation rates, commodity prices, and outcomes across major sports leagues.
- Contracts will be offered through Crypto.com Derivatives North America, a CFTC-registered exchange and clearinghouse that the companies say provides a federally compliant setup.
- Trump Media says it will begin testing on Truth Social shortly, then roll out in the United States with plans for international expansion subject to regulatory approvals.
- Truth Social and Truth+ users will be able to convert platform reward ‘Truth gems’ into Cronos (CRO) tokens to purchase contracts, extending earlier CRO integrations and a proposed CRO treasury strategy.
- Entering a fast-growing sector led by Polymarket and Kalshi, the move has drawn attention to regulatory hurdles around sports-related markets and raised conflict-of-interest questions over Trump family ties to rival prediction platforms.