Trump Sued Over $100K Truth Social Feed as Trump Media Eyes Prediction Market Data Deals
US President Donald Trump was sued on August 12 in federal courtroom in Manhattan over Truth API, the Truth Social feed that delivers his posts to paying subscribers for as a lot as $100,000 a month.
Citizens for Responsibility and Ethics in Washington filed the criticism alongside Yale Law School’s Media Freedom and Information Access Clinic, the Public Integrity Project, and Altshuler Berzon LLP.
It calls the association “extraordinary, corrupt, and unconstitutional,” argues that the First Amendment ensures equal entry to presidential bulletins and that the Fifth Amendment bars charging unreasonable sums for them, and asks the courtroom to cease this system.
Feed Costs $100,000 Monthly
Trump Media launched Truth API on August 1 as a business-to-business subscription carrying low-latency entry to posts from the ten most-followed Truth Social accounts, amongst them @actualDonaldTrump, @WhiteHouse, and Vice President JD Vance. Access prices $100,000 per 30 days, or $60,000 for purchasers who commit to 3 years.
More than ten prospects have signed, interim Chief Executive Officer Kevin McGurn stated within the firm’s second-quarter launch. Direct patrons are primarily high-frequency buying and selling corporations that ingest the posts to tell algorithmic buying and selling, McGurn informed Axios in an interview. Trump Media filed with the SEC.
He stated the corporate would additionally disrupt scrapers that gather the identical posts without cost.
“We’re going to create quite a lot of friction for these people that aren’t coming to us immediately,” McGurn acknowledged.
Prediction Markets Replace Crypto.com Build
McGurn stated throughout the earnings name that Trump Media is evaluating licensing the feed to prediction market operators and is weighing offers with massive language mannequin builders.
The criticism quotes these remarks again, describing the prediction market plan as one that will facilitate betting on the president’s bulletins.
Trump Media terminated its Trump Media Group CRO Strategy enterprise with Crypto.com on August 7, and Cronos (CRO) fell beneath $0.05, its lowest worth since October 2023.
Both firms now plan a advertising and marketing settlement placing Crypto.com’s prediction markets in entrance of Truth Social customers, changing the embedded integration announced in October 2025 that lifted CRO 10% in an hour.
McGurn stated the sector is already crowded with established firms, and Intercontinental Exchange has committed round $2 billion to Polymarket.
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