SARASOTA, USA. — The US President and alleged pedophile’s family company, Trump Media and Technology Group Corp (‘Trump Media’), who operate the extreme-right wing social media platform Truth Social today (US time) announced that it will make prediction markets available on Truth Social through an exclusive arrangement with Crypto.com
Following the integration, Truth Social will be the first social media platform to offer its users technology to access embedded prediction market capabilities through CDNA.
“Truth Social users will be able to trade prediction contracts related to major events and milestones, such as political elections, interest and inflation rate changes, commodity prices on gold and crude oil, events across all major sports leagues, and more using the new product technology called “Truth Predict.”
“Prices will update in real-time, allowing users to react instantly to developments in major current events,” a statement from Trump’s Truth Social said.
“We are thrilled to become the world’s first publicly traded social media platform to offer our users access to prediction markets,” said Devin Nunes, Chairman and CEO of Trump Media.
“Truth Predict will allow our loyal users to engage in prediction markets with a trusted network while harnessing our social media platform to provide totally unique ways for users to discuss and compare their predictions.
“With more than $3 billion in financial assets as of the end of the second quarter, and having posted our first quarter of positive operating cash flow after going public just last year, Trump Media is well-positioned to leverage our strong balance sheet and existing social media capabilities to create a new standard for access to prediction market platforms.
“For too long, global elites have closely controlled these markets – with Truth Predict, we’re democratizing information and empowering everyday Americans to harness the wisdom of the crowd, turning free speech into actionable foresight.”
The ‘Truth Social’ Crypto.com integration will begin Beta testing live on Truth Social in the near future, followed by a full launch in the United States. Subsequently, Trump Media plans to launch the service globally once all the requisite requirements are met, according to sources.
However, the arrangement raises serious questions about the separation of powers and the use of one’s political office for personal financial gain.
The President of the United States’ Press Secretary, Karoline Leavitt, did not respond to several requests for comment.
