The post Truth Social’s $3B war chest meets DeFi – A new prediction market era? appeared on BitcoinEthereumNews.com. Key Takeaways Why is the Truth Social–Crypto.com partnership significant? Truth Social will become the first social media platform to integrate regulated prediction market trading directly. How can users participate? Users can convert their Truth gems from Truth Social or Truth+ into Cronos. Trump Media & Technology Group, the parent company behind Truth Social, is moving into the prediction markets space with Crypto.com. Trump Media X Crypto.com blends social and trading activity The company announced a partnership with Crypto.com’s U.S.-registered derivatives arm, CDNA, to integrate real-time event wagering tools directly into the social platform. The new feature, named “Truth Predict,” is designed for users and allows users to engage in trading prediction contracts. These contracts are associated with various topics, including political races, which encompass elections and candidates. Additionally, users can create predictions related to macroeconomic indicators, such as inflation and interest rates. The feature also covers commodity benchmarks, allowing users to predict trends in assets like gold and crude oil. Once live, Truth Social is set to become the first social media network to offer built-in prediction market technology through a regulated derivatives exchange. Remarking on the same, Devin Nunes, Chairman and CEO of Trump Media, said,  “We are thrilled to become the world’s first publicly traded social media platform to offer our users access to prediction markets.”  Financial tie-ins and CRO integration This came at a time when the firm is highlighting its strengthened financial position by holding over $3 billion in assets and recording its first quarter of positive operating cash flow since going public. Adding more information, Kris Marszalek, Co-Founder and CEO of Crypto.com, noted,  “Prediction markets are poised to be a multi-deca-billion dollar industry.” The launch will also integrate with Trump Media’s rewards system. This system allows Truth Social and Truth+ users to convert earned “Truth… The post Truth Social’s $3B war chest meets DeFi – A new prediction market era? appeared on BitcoinEthereumNews.com. Key Takeaways Why is the Truth Social–Crypto.com partnership significant? Truth Social will become the first social media platform to integrate regulated prediction market trading directly. How can users participate? Users can convert their Truth gems from Truth Social or Truth+ into Cronos. Trump Media & Technology Group, the parent company behind Truth Social, is moving into the prediction markets space with Crypto.com. Trump Media X Crypto.com blends social and trading activity The company announced a partnership with Crypto.com’s U.S.-registered derivatives arm, CDNA, to integrate real-time event wagering tools directly into the social platform. The new feature, named “Truth Predict,” is designed for users and allows users to engage in trading prediction contracts. These contracts are associated with various topics, including political races, which encompass elections and candidates. Additionally, users can create predictions related to macroeconomic indicators, such as inflation and interest rates. The feature also covers commodity benchmarks, allowing users to predict trends in assets like gold and crude oil. Once live, Truth Social is set to become the first social media network to offer built-in prediction market technology through a regulated derivatives exchange. Remarking on the same, Devin Nunes, Chairman and CEO of Trump Media, said,  “We are thrilled to become the world’s first publicly traded social media platform to offer our users access to prediction markets.”  Financial tie-ins and CRO integration This came at a time when the firm is highlighting its strengthened financial position by holding over $3 billion in assets and recording its first quarter of positive operating cash flow since going public. Adding more information, Kris Marszalek, Co-Founder and CEO of Crypto.com, noted,  “Prediction markets are poised to be a multi-deca-billion dollar industry.” The launch will also integrate with Trump Media’s rewards system. This system allows Truth Social and Truth+ users to convert earned “Truth…