Truth Social, the social media platform founded by U.S. President Donald Trump, has announced plans to introduce real-world event betting directly on the platform. The move comes through a new partnership with Crypto.com allowing users to place wagers on a wide range of predictions including election outcomes, economic indicators, commodity prices, and major sports events.
The feature taps into the rapidly growing trend of prediction markets—online platforms where users buy or trade “contracts” tied to future outcomes. These markets are regulated by the U.S. Commodity Futures Trading Commission (CFTC) rather than state gambling regulators, distinguishing them from traditional betting operators like casinos and lotteries.
According to Trump Media and Technology Group (TMTG), users will be able to wager on topics such as:
- Election results in the U.S. and abroad
- Future inflation and interest rate movements
- The price of commodities like crude oil and gold
- Team and player outcomes in major sports leagues
The concept mirrors existing platforms like Polymarket, which recently drew a $2 billion investment from Intercontinental Exchange, the parent company of the New York Stock Exchange, signaling growing institutional interest in prediction-based finance.
However, the expansion into betting has raised concerns about financial risk and addiction, particularly among younger users, who are among the most active participants on prediction apps.
Meanwhile, Truth Social is still working to stabilize its broader business model. TMTG reported $1.7 million in revenuebut a net loss of $51.7 million in the first half of 2025, according to filings with the U.S. Securities and Exchange Commission. The company has recently ventured into video streaming and cryptocurrency-related financial products as part of efforts to diversify its revenue streams.
The new betting feature is expected to roll out in phases, with more details to be announced in the coming months.
