Doodles, the team behind the globally acknowledged non-fungible token collection, “Doodles,” has partnered with Universal Monsters, the entertainment studio that brings classic horror icons like [...]Doodles, the team behind the globally acknowledged non-fungible token collection, “Doodles,” has partnered with Universal Monsters, the entertainment studio that brings classic horror icons like [...]

Trump Media, Crypto.com To Take On Polymarket And Kalshi With Truth Social Prediction Markets

Trump Media and Technology Group (TMTG) is partnering with Crypto.com to take on Polymarket and Kalshi with a new prediction markets platform on Truth Social.

Called Truth Predict, the platform will begin beta testing soon before a full US launch, with global expansion planned once regulatory requirements are met, according to a statement.

“For too long, global elites have closely controlled these markets — with Truth Predict, we’re democratizing information and empowering everyday Americans to harness the wisdom of the crowd, turning free speech into actionable foresight,” said TMTG CEO Devin Nunes. 

The move marks Trump Media’s most direct challenge yet to established prediction market leaders Polymarket and Kalshi, both of which face regulatory headwinds in the US.

TMTG’s shares closed up 0.8% yesterday and climbed a fraction of a percent in pre-market trading today. Crypto.com’s native CRO token slid more than 1%. 

TMTG share price (Source: Google Finance)

Prediction Markets A “Multi-Deca-Billion Dollar Industry”

TMTG’s move into the predictions market space comes amid a global boom for the industry.

Currently, Polymarket and Kalshi stand out, and both have received a lot of attention from venture capital firms. One of these firms is 1789 Capital, which is backed by the US President’s son, Donald Trump Jr., who is also on Polymarket’s board of advisors. 

Kalshi and Polymarket have become popular as users bet on outcomes related to sporting and other events. Polymarket took off after its prediction market showed Trump was leading rival Kamala Harris during the 2024 presidential election.

”Integrating prediction markets with social media will quickly expand this into a multi-deca-billion dollar industry,” said Crypto.com CEO Kris Marszalek on X.

TMTG And Crypto.com Build On Partnership

The move into the predictions market builds on a partnership announced between TMTG and Crypto.com in March. 

Back then, the companies announced that they would launch a series of “Made in America” crypto ETFs (exchange-traded funds) and other products. As part of the partnership, Crypto.com would provide the cryptocurrencies and backend infrastructure for the products. 

The companies also said in August that they will launch a digital asset treasury (DAT) firm named the Trump Media Group CRO Strategy, Inc. via a SPAC merger.

It would purchase $105 million in CRO tokens, or roughly 2% of the token’s supply. Crypto.com also agreed to buy $50 million in shares of common stock in TMTG. 

At the start of September, the companies confirmed that the deal was closed. TMTG acquired the CRO tokens at about $0.153 each as part of a 50% stock, 50% cash exchange with Crypto.com.

Polymarket And Kalshi Facing Challenges In US Market

TMTG and Crypto.com’s planned predictions market platform will enter the US as Polymarket and Kalshi face headwinds. 

At the start of the week, Kalshi filed a lawsuit against the New York State Gaming Commission, accusing the regulator of overstepping its jurisdiction. This is after the regulator sent a cease-and-desist letter to Kalshi last Friday for allegedly offering illegal sports betting in the state. 

Meanwhile, Polymarket had to exit the US market in 2022 following a settlement with the Commodity Futures Trading Commission (CFTC) for operating an unregistered derivatives trading platform. 

The US Department of Justice and the CFTC have since dropped their investigations into Polymarket, and the platform is preparing to re-enter the US market. 

According to an Oct. 28 Bloomberg report that cited sources familiar with the matter, Polymarket plans to to activate limited trades for US residents before the end of November. The platform will also reportedly focus on sports betting with this initial rollout.  

Market Opportunity
OFFICIAL TRUMP Logo
OFFICIAL TRUMP Price(TRUMP)
$4.934
$4.934$4.934
-0.50%
USD
OFFICIAL TRUMP (TRUMP) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Why 100 Percent Test Coverage is Not Possible — Lessons from Testing Banking and Healthcare Systems

Why 100 Percent Test Coverage is Not Possible — Lessons from Testing Banking and Healthcare Systems

Quality is not about testing everything; quality is about testing what is most important.
Share
Hackernoon2025/12/26 16:05
US eyes crypto mining at disputed nuclear plant in Russia-Ukraine conflict: report

US eyes crypto mining at disputed nuclear plant in Russia-Ukraine conflict: report

The plant is located in Ukraine and has been under Russian control since 2022, with its future management a key issue in peace talks.
Share
Coinstats2025/12/26 18:58
Google's AP2 protocol has been released. Does encrypted AI still have a chance?

Google's AP2 protocol has been released. Does encrypted AI still have a chance?

Following the MCP and A2A protocols, the AI Agent market has seen another blockbuster arrival: the Agent Payments Protocol (AP2), developed by Google. This will clearly further enhance AI Agents' autonomous multi-tasking capabilities, but the unfortunate reality is that it has little to do with web3AI. Let's take a closer look: What problem does AP2 solve? Simply put, the MCP protocol is like a universal hook, enabling AI agents to connect to various external tools and data sources; A2A is a team collaboration communication protocol that allows multiple AI agents to cooperate with each other to complete complex tasks; AP2 completes the last piece of the puzzle - payment capability. In other words, MCP opens up connectivity, A2A promotes collaboration efficiency, and AP2 achieves value exchange. The arrival of AP2 truly injects "soul" into the autonomous collaboration and task execution of Multi-Agents. Imagine AI Agents connecting Qunar, Meituan, and Didi to complete the booking of flights, hotels, and car rentals, but then getting stuck at the point of "self-payment." What's the point of all that multitasking? So, remember this: AP2 is an extension of MCP+A2A, solving the last mile problem of AI Agent automated execution. What are the technical highlights of AP2? The core innovation of AP2 is the Mandates mechanism, which is divided into real-time authorization mode and delegated authorization mode. Real-time authorization is easy to understand. The AI Agent finds the product and shows it to you. The operation can only be performed after the user signs. Delegated authorization requires the user to set rules in advance, such as only buying the iPhone 17 when the price drops to 5,000. The AI Agent monitors the trigger conditions and executes automatically. The implementation logic is cryptographically signed using Verifiable Credentials (VCs). Users can set complex commission conditions, including price ranges, time limits, and payment method priorities, forming a tamper-proof digital contract. Once signed, the AI Agent executes according to the conditions, with VCs ensuring auditability and security at every step. Of particular note is the "A2A x402" extension, a technical component developed by Google specifically for crypto payments, developed in collaboration with Coinbase and the Ethereum Foundation. This extension enables AI Agents to seamlessly process stablecoins, ETH, and other blockchain assets, supporting native payment scenarios within the Web3 ecosystem. What kind of imagination space can AP2 bring? After analyzing the technical principles, do you think that's it? Yes, in fact, the AP2 is boring when it is disassembled alone. Its real charm lies in connecting and opening up the "MCP+A2A+AP2" technology stack, completely opening up the complete link of AI Agent's autonomous analysis+execution+payment. From now on, AI Agents can open up many application scenarios. For example, AI Agents for stock investment and financial management can help us monitor the market 24/7 and conduct independent transactions. Enterprise procurement AI Agents can automatically replenish and renew without human intervention. AP2's complementary payment capabilities will further expand the penetration of the Agent-to-Agent economy into more scenarios. Google obviously understands that after the technical framework is established, the ecological implementation must be relied upon, so it has brought in more than 60 partners to develop it, almost covering the entire payment and business ecosystem. Interestingly, it also involves major Crypto players such as Ethereum, Coinbase, MetaMask, and Sui. Combined with the current trend of currency and stock integration, the imagination space has been doubled. Is web3 AI really dead? Not entirely. Google's AP2 looks complete, but it only achieves technical compatibility with Crypto payments. It can only be regarded as an extension of the traditional authorization framework and belongs to the category of automated execution. There is a "paradigm" difference between it and the autonomous asset management pursued by pure Crypto native solutions. The Crypto-native solutions under exploration are taking the "decentralized custody + on-chain verification" route, including AI Agent autonomous asset management, AI Agent autonomous transactions (DeFAI), AI Agent digital identity and on-chain reputation system (ERC-8004...), AI Agent on-chain governance DAO framework, AI Agent NPC and digital avatars, and many other interesting and fun directions. Ultimately, once users get used to AI Agent payments in traditional fields, their acceptance of AI Agents autonomously owning digital assets will also increase. And for those scenarios that AP2 cannot reach, such as anonymous transactions, censorship-resistant payments, and decentralized asset management, there will always be a time for crypto-native solutions to show their strength? The two are more likely to be complementary rather than competitive, but to be honest, the key technological advancements behind AI Agents currently all come from web2AI, and web3AI still needs to keep up the good work!
Share
PANews2025/09/18 07:00