In the US, Trump will launch his own prediction markets platform Truth Predict
Trump Media and Technology Group« launch prediction markets within the Truth Social network in cooperation with the CDNA exchange from Crypto.com. Through the Truth Predict tool, users will be able to bet on political elections, interest rate changes, gold and oil prices, and sporting events with real-time quote updates. «Truth Social» will be the first social network with integrated prediction markets.
No exact launch date has been given. The company plans to start with beta testing, after which it will open access first in the US and then on international markets. Contract trading will take place through the cryptocurrency CRO from «Crypto.com.» Truth Social users will receive internal currency for their activity on the social network and will be able to convert it into CRO to buy new contracts.
In addition to Truth Predict, the partnership with «Crypto.com.» includes the launch of a CRO rewards system on Truth Social and Truth+, and the creation of a Trump Media Group CRO Strategy subsidiary through SPAC to manage digital assets.