President Donald Trump’s social media platform, Truth Social, is set to become the first social media company to introduce prediction markets, thanks to a new partnership with crypto exchange Crypto.com.
Devin Nunes, Chairman and chief executive officer of Trump Media, expressed enthusiasm about this new collaboration, stating:
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 empower our dedicated users to participate in prediction markets within a trusted framework, leveraging our social media platform to create unique avenues for discussion and comparison of their predictions.
Kris Marszalek, Co-Founder and chief executive officer of Crypto.com, highlighted the potential of prediction markets, stating:
Prediction markets are poised to become a multi-deca-billion dollar industry. Crypto.com has rapidly established itself as a trusted provider of prediction market services, and we are excited to collaborate with Truth Social to deliver the world’s first prediction markets accessible through a social media platform.
Beta testing for this integration is expected to commence soon on Truth Social, followed by a full launch in the United States. Trump Media plans to expand the service globally once all necessary requirements are fulfilled.
This collaboration between Trump Media and Crypto.com builds on a recently established strategic partnership to introduce a CRO rewards system across the Truth Social and Truth+ platforms.
Featured image from DALL-E, chart from TradingView.com
