Trump Media unveils Truth Predict with Crypto.com on Truth Social

Trump Media Technology Group announced on Tuesday that it will add a prediction-market feature called Truth Predict to its Truth Social platform, enabling users to trade contracts on real-world events such as elections, economic indicators, commodity prices and sports outcomes. The companies said the service will begin beta testing in the United States before a broader rollout, and that the technology will be provided through an exclusive partnership with Crypto.com Derivatives North America, a CFTC-registered exchange and clearinghouse.

Officials said Truth Predict will let users convert in-app engagement credits, known as Truth gems, into Crypto.com’s Cronos CRO token and use that digital asset to buy and sell event-based contracts inside Truth Social’s interface. Trump Media also announced plans, in coordination with Crypto.com and Yorkville Acquisition Corp., to establish a digital-asset treasury vehicle intended to accumulate a significant stake in CRO. The company previously disclosed a purchase earlier this year of 685,427,004 CRO for more than $100 million.

Devin Nunes, chairman and chief executive of Trump Media, said the product would “democratize information” and give...