Truth Social, the social media platform founded by former U.S. President Donald Trump, has announced plans to add a betting feature that will let users wager on real‑world events. The platform, operated by Trump Media and Technology Group (TMTG), will partner with Crypto.com to enable bets on a variety of topics, including elections, interest‑rate changes, inflation shifts, commodity prices and sports leagues. This activity is classified as a prediction market rather than traditional gambling and falls under the regulatory oversight of the Commodity Futures Trading Commission (CFTC). Users will purchase contracts for financial products that generate a profit if the predicted event occurs.
The rise of prediction markets reflects a broader trend in the sector, which has experienced significant growth in recent years. Mobile apps that allow wagers on politics, economics, sports and entertainment have become especially popular among young adults. While federal authorities do not label these markets as conventional gambling, they remain subject to CFTC regulation. The expanding market has attracted major investment; for example, Intercontinental Exchange, the operator of the New York Stock Exchange, recently committed $2 billion to Polymarket, a leading prediction‑market platform.
TMTG has already launched several initiatives, including cryptocurrency‑related financial products and a video‑streaming service. However, the company reported modest financial results, generating only $1.7 million in revenue in the first half of 2025 and posting a net loss of $51.7 million. Introducing the betting feature on Truth Social could help boost revenue and draw new users to the platform. As the prediction‑market sector continues to evolve, further developments and investments are expected in the coming months.
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