Overview
- Trump Media said Truth Predict will let Truth Social users wager on elections, sports and other events within the app.
- Event contracts will clear through Crypto.com Derivatives North America, with trades requiring the CRO token and in-app Truth gems convertible into CRO.
- The company said beta testing will begin in the near future, followed by a U.S. launch and subsequent global availability after meeting requirements.
- CNN host Abby Phillip and strategist Trip Yang criticized the move as creating conflicts of interest, with Phillip calling it “insider trading by another name.”
- CRO briefly rose about 6% on the announcement before giving back gains, as the product sets up direct competition with Polymarket and Kalshi, where Donald Trump Jr. serves as an adviser.