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Trump's Truth Social to allow trading on election results
Mike Masnick
@mmasnick.bsky.social
Excuse me? So the company the President currently owns is teaming up with a cryptocurrency company to create a prediction market, which will take bets... on things the President himself has quite a lot of control over?
Gosh, I'm sure nothing bad will happen.
https://www.ft.com/content/485594b3-5a72-4ae1-aa93-8ee987be1569
Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found at https://www.ft.com/tour.
https://www.ft.com/content/485594b3-5a72-4ae1-aa93-8ee987be1569
Donald Trump’s Truth Social platform is to offer users the chance to trade on the outcome of elections and sports games, extending the US president and his family’s involvement in the booming prediction markets sector.
The Trump Media & Technology Group, which controls the social media platform, on Tuesday announced it would partner with Crypto.com to introduce “Truth Predict”, which would allow users “to react instantly to developments in major current events”.
Crypto.com previously donated $11mn to Trump causes. Earlier this year the Securities and Exchange Commission closed an investigation into the company, and on Friday, it announced that it applied for a US bank charter.
In August, TMTG also signed a multibillion-dollar deal to buy Cronos, the tokens issued by Crypto.com, which sent their price soaring.
“For too long, global elites have closely controlled these markets — with Truth Predict, we’re democratising information and empowering everyday Americans to harness the wisdom of the crowd, turning free speech into actionable foresight,” said Devin Nunes, TMTG’s head.
ALT
October 29, 2025 at 12:02 AM
@mmasnick.bsky.social
Excuse me? So the company the President currently owns is teaming up with a cryptocurrency company to create a prediction market, which will take bets... on things the President himself has quite a lot of control over?
Gosh, I'm sure nothing bad will happen.
https://www.ft.com/content/485594b3-5a72-4ae1-aa93-8ee987be1569
Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found at https://www.ft.com/tour.
https://www.ft.com/content/485594b3-5a72-4ae1-aa93-8ee987be1569
Donald Trump’s Truth Social platform is to offer users the chance to trade on the outcome of elections and sports games, extending the US president and his family’s involvement in the booming prediction markets sector.
The Trump Media & Technology Group, which controls the social media platform, on Tuesday announced it would partner with Crypto.com to introduce “Truth Predict”, which would allow users “to react instantly to developments in major current events”.
Crypto.com previously donated $11mn to Trump causes. Earlier this year the Securities and Exchange Commission closed an investigation into the company, and on Friday, it announced that it applied for a US bank charter.
In August, TMTG also signed a multibillion-dollar deal to buy Cronos, the tokens issued by Crypto.com, which sent their price soaring.
“For too long, global elites have closely controlled these markets — with Truth Predict, we’re democratising information and empowering everyday Americans to harness the wisdom of the crowd, turning free speech into actionable foresight,” said Devin Nunes, TMTG’s head.
ALT
October 29, 2025 at 12:02 AM
Excuse me? So the company the President currently owns is teaming up with a cryptocurrency company to create a prediction market, which will take bets... on things the President himself has quite a lot of control over?
— Mike Masnick (@mmasnick.bsky.social) 2025-10-29T04:02:25.303Z
Gosh, I'm sure nothing bad will happen.
www.ft.com/content/4855...
Trump’s Truth Social to allow trading on election results
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