In a bold expansion of its digital offerings, Truth Social, the social media platform founded by former U.S. President Donald Trump, has announced plans to allow users to place bets on real-world events directly through the app.
The initiative, revealed on Tuesday by Trump Media & Technology Group (TMTG), marks the company’s latest move to tap into the fast-growing world of prediction markets — platforms that let users wager on outcomes ranging from politics and economics to sports and entertainment.
According to a company statement, Truth Social will integrate the betting feature in partnership with Crypto.com, enabling users to place wagers on diverse topics such as election results, interest rate or inflation changes, commodity prices like gold and crude oil, as well as major sports league outcomes.
Unlike traditional gambling, these so-called prediction markets fall under the oversight of the U.S. Commodity Futures Trading Commission (CFTC) rather than state gambling regulators. Participants typically buy “contracts” tied to specific events — profiting if their predictions come true.
Industry experts say the move positions Truth Social within a rapidly expanding sector that’s attracting massive investor interest.
Earlier this month, Intercontinental Exchange, the parent company of the New York Stock Exchange, announced a $2 billion investment in Polymarket, one of the leading prediction platforms.
However, the growing popularity of such apps — particularly among younger users — has raised concerns about financial risk and potential addiction, as users can easily place repeated micro-bets on a wide range of outcomes.
For TMTG, the venture could provide a much-needed boost. According to filings with the U.S. Securities and Exchange Commission (SEC), despite launching several projects, including cryptocurrency-linked financial products and a video streaming service, the company reported just $1.7 million in revenue during the first half of 2025, alongside a net loss of $51.7 million.
As Truth Social ventures into the prediction market space, analysts say the move underscores Trump Media’s ongoing struggle to turn political influence into sustainable business growth — while navigating a landscape increasingly shaped by technology, finance, and politics.
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