Trump Family Explore Prediction Markets Via Crypto.com Partnership

Trump’s family communication company, Trump Media and Technology Group, announced on October 28 that it would make prediction markets available on Truth Social through an exclusive arrangement with Crypto.com Derivatives North America.

The integration positioned Truth Social as the first social media platform to offer embedded prediction market capabilities via a CFTC-registered exchange and clearinghouse.

The announcement comes amid the rising popularity of prediction markets. Kalshi and Polymarket combined surpassed $8 billion in volume in the third quarter, up 61% from the second quarter.

Trump Family Targets Political and Financial Events With New Platform

Truth Social users gained access to trade prediction contracts on political elections, interest and inflation rate changes, and gold and crude oil commodity prices, as well as events across major sports leagues, through the product Truth Predict.

Prices are updated in real-time, allowing users to react instantly to developments in major current events.

Devin Nunes, Trump Media chairman and chief executive, stated the company held more than $3 billion in financial assets as of the second quarter.

He posted its first quarter of positive operating cash flow after going public in 2024.

The event contracts were offered via Crypto.com Derivatives in North America, providing federally compliant access to event contracts covering politics, economics, financials, and sports.

Kris Marszalek, Crypto.com co-founder and chief executive, described prediction markets as “poised to be a multi-deca-billion dollar industry”.

He noted the integration aligned with what users sought in social media communities. The platform planned beta testing followed by a full US launch, with global expansion pending regulatory requirements.

Truth Social and Truth+ users who hold Truth gems earned through platform interactions can convert them into Cronos (CRO) and apply them to Truth Predict contract purchases.

The initiative followed Trump Media’s recent strategic partnership with Crypto.com to introduce a CRO rewards system.

Also its announcement to establish the Trump Media Group CRO Strategy through a proposed business combination with Yorkville Acquisition Corp, a special-purpose acquisition company.

The relation with a new Trump family initiative is likely the reason why CRO is up by 8% today.

Trump Family Crypto Timeline From NFTs to Prediction Markets

President Donald Trump and his family have a history of staying on top of hot narratives in crypto.

Amid the NFT boom between 2021 and 2022, Trump launched “Trump Digital Trading Cards” on Polygon at $99 per card, marketed by NFT International LLC as entertainment collectibles rather than investments or campaign products.

Series 2 followed in April 2023, and a “Mugshot” edition arrived in December 2023. The cards represented Trump’s first on-chain brand monetization.

A Solana token branded “DJT” exploded in mid-2024 amid rumors of ties to the Trump family, with Martin Shkreli claiming he helped create it “with Barron Trump,” a claim publicly disputed by Trump allies and never substantiated.

Early 2025 brought official-looking Trump-branded coins that experienced intraday volatility. Melania Trump promoted her own Solana meme coin, $MELANIA, which later drew investor lawsuits and forensic scrutiny around linked wallets and airdrops.

The Official Trump meme coin also surfaced, despite not being initially related to Trump and his family, according to reports.

However, Eric Trump stated that the group behind the meme coin and the Trump Organization became aligned in a “common mission.”

World Liberty Financial moved the family’s crypto presence from speculation to payments infrastructure in March 2025.

It announced USD1, a dollar-pegged stablecoin backed by cash and US government money-market assets.

The stablecoin, initially launched on Ethereum and BNB Chain, was pitched for cross-border payments and institutional treasuries.

It claimed to have undergone external audits and attracted large strategic buyers.

Trump Media Prediction Markets Entry Extends Crypto Sector Expansion

The Truth Predict announcement marked the Trump family’s fourth distinct crypto sector entry.

Earlier on, there were following NFT collectibles in 2022, meme coin speculation in 2024, and stablecoin infrastructure in 2025.

Each phase targeted different market segments, from brand collectibles to attention-driven tokens to dollar settlement flows and now prediction markets.

The prediction markets integration leverages existing Truth Social infrastructure and access to a CFTC-regulated exchange, rather than launching standalone products.

Trump Media positioned the move as democratizing prediction markets previously controlled by global elites.

The emphasis was on the integration of social media discussion capabilities with real-time contract trading.

The company’s $3 billion balance sheet and positive operating cash flow provided financial backing for the platform expansion. The beta testing timeline and full launch dates remained unspecified beyond the “near future” for the US deployment.