Trump Media stock rises after announcing prediction markets venture By Investing.com
Update: 2025-10-28
Description
Trump Media's New Venture: Truth Predict - The First Social Media Platform with Embedded Prediction Market CapabilitiesTrump Media and Technology Group, the company behind Truth Social, has announced a significant move into prediction markets through a partnership with Crypto.com's derivatives branch in North America. The new product, Truth Predict, allows users to trade contracts predicting the outcome of events like elections and sports games directly from the social media platform. This innovative feature could potentially blur the lines between finance, entertainment, and social networking. The company's stock surged by over six percent following the announcement, and reactions from investors and industry experts have been generally positive. The next steps include a beta launch for select Truth Social users, with a full launch in the United States planned after testing.
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