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President Trump’s Truth Social Partners With Crypto.com to Disrupt Prediction Markets — What To Expect

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Trump Media and Technology Group, the dad or mum firm of Truth Social, announced a brand new partnership with Crypto.com that can convey prediction markets to the social media platform, positioning it as the primary publicly traded social media firm to combine such know-how.

The collaboration, made by way of Crypto.com’s U.S. affiliate, Crypto.com | Derivatives North America (CDNA), will permit Truth Social customers to commerce on the outcomes of real-world occasions starting from elections and financial knowledge to sports activities and commodities.

The new characteristic, referred to as Truth Predict, will embed CDNA’s occasion contracts instantly throughout the Truth Social app. Users will likely be in a position to entry real-time prediction markets protecting matters reminiscent of inflation charges, political races, and sports activities outcomes.

Is Trump’s Truth Social About to Redefine Prediction Markets?

According to the announcement, costs will replace dwell, permitting customers to react immediately to breaking developments.

“We are thrilled to develop into the world’s first publicly traded social media platform to provide customers entry to prediction markets,” stated Devin Nunes, CEO of Trump Media.

He described the initiative as an effort to “democratize info and empower on a regular basis Americans,” including that Truth Predict would mix person engagement with market sentiment to create what the corporate calls “actionable foresight.”

The occasion contracts will likely be provided by way of CDNA, a CFTC-registered change and clearinghouse, offering a federally compliant construction for customers within the United States.

The association provides Truth Social entry to a regulated prediction market framework at a time when demand for such platforms is surging.

Crypto.com co-founder and CEO Kris Marszalek stated the partnership aligns with the corporate’s objective of increasing regulated monetary merchandise inside digital ecosystems. “Prediction markets are poised to develop into a multi-deca-billion greenback {industry},” Marszalek stated.

“We’re thrilled to mix with Truth Social to help the world’s first prediction markets out there from a social media platform.”

Crypto.com Expands U.S. Footprint With Futures, Bank Charter, and Truth Social Partnership

The partnership comes as each corporations deepen their involvement within the U.S. monetary system. In September, Crypto.com secured approval from the Commodity Futures Trading Commission to provide margined derivatives by way of its CDNA subsidiary.

The agency’s U.S. arm, Crypto.com | FCM, additionally turned a registered Futures Commission Merchant, permitting it to present leveraged derivatives for each retail and institutional purchasers.

Last week, Crypto.com filed an application with the Office of the Comptroller of the Currency to receive a National Trust Bank Charter.

The transfer may make it one of many few crypto corporations with federal recognition, increasing its custody and staking companies throughout a number of blockchains, together with its native Cronos community.

The firm also recently announced an integration with Morpho, the second-largest DeFi lending protocol, to introduce stablecoin lending and wrapped asset deposits on Cronos.

Under the Truth Social integration, customers who maintain “Truth gems,” a reward earned by way of engagement on the platform, will likely be in a position to convert them into Cronos’ native token (CRO) and use them to purchase Truth Predict contracts.

This follows the businesses’ earlier determination to set up Trump Media Group CRO Strategy, Inc., a three way partnership supposed to handle a digital asset treasury centered on CRO.

Beta testing for Truth Predict will start quickly, with a full launch deliberate for U.S. customers later this yr. Trump Media stated it intends to develop internationally as soon as regulatory approvals are secured.

Prediction Markets See $1B Weekly Boom as Institutional Investment Accelerates

The announcement arrives throughout a interval of renewed momentum within the world prediction market {industry}.

Trading volumes throughout main platforms have surged, with weekly totals reaching practically $1 billion in mid-October, according to Dune Analytics knowledge.

Source: Dune

Polymarket and Kalshi stay the dominant gamers, with Polymarket accounting for roughly 79% of whole weekly quantity, dealing with over $780 million in trades, and having greater than 220,000 energetic customers throughout the week ending October 20.

Institutional funding has additionally accelerated. Intercontinental Exchange, the dad or mum firm of the New York Stock Exchange, recently invested $2 billion into Polymarket, valuing it at $9 billion.

Meanwhile, Kalshi’s $300 million Series D funding round pushed its valuation to $5 billion, supported by main enterprise capital corporations together with Sequoia Capital and Andreessen Horowitz.

The race to seize this rising market is now drawing established gamers from each crypto and conventional finance.

DraftKings, the U.S. sports activities betting large, just lately entered the house by acquiring the CFTC-regulated platform Railbird and naming Polymarket as its clearinghouse accomplice.

Other rising rivals like Limitless Exchange have additionally seen speedy progress, surpassing $500 million in whole buying and selling quantity after raising $10 million in seed funding this month.

The publish President Trump’s Truth Social Partners With Crypto.com to Disrupt Prediction Markets — What To Expect appeared first on Cryptonews.

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