Truth Social, the social media platform founded by former US President Donald Trump, has announced plans to introduce a betting feature, allowing users to wager on real-world events. This move is part of a growing trend in the prediction markets sector, which has seen significant growth in recent years.

The platform, operated by Trump Media and Technology Group (TMTG), will partner with Crypto.com to enable users to bet on various events, including elections, interest rates, inflation rate changes, commodity prices, and sports leagues. This form of betting is considered a prediction market, rather than traditional gambling, and is regulated by the Commodity Futures Trading Commission (CFTC).

To place a wager, users will purchase a contract for a financial product that yields a profit if the predicted event occurs. This type of betting has gained popularity, particularly among young adults, raising concerns about the risks of addiction and financial losses. Despite these concerns, the sector is considered promising, with Intercontinental Exchange, the operator of the New York Stock Exchange, recently investing $2 billion in Polymarket, a prominent prediction market platform.

TMTG has launched several projects, including cryptocurrency-related financial products and a video streaming platform. However, the company generated only $1.7 million in revenue in the first half of 2025, with a reported net loss of $51.7 million. The introduction of the betting feature on Truth Social may help to boost revenue and attract new users to the platform.

The growth of prediction markets has been driven by the increasing popularity of phone-based apps that allow users to wager on a wide range of topics, from politics and the economy to sports and entertainment. While federal authorities do not consider prediction markets to be traditional gambling, they are still subject to regulation by the CFTC. As the sector continues to evolve, it is likely that we will see further developments and investments in the coming months.