Truth Social Launches New Prediction Market With Crypto.com

Truth Social, the social media platform owned by Trump Media and Technology Group, is expanding into blockchain-based prediction markets. The company announced a new feature called “Truth Predict,” which will let users trade event prediction contracts directly on the platform. 

Truth Social Unveils Truth Predict With Lots of Benefits

Notably, this service will work through a partnership with Crypto.com, a leading cryptocurrency exchange. Truth Predict will allow users to access CDNA (Crypto.com Derivatives North America), a regulated platform for trading event-based contracts. 

This integration provides Truth Social users with a legal means to participate in prediction markets. It also allows them to bet on the outcomes of major events, including political elections, sports results, and economic indicators.

Interestingly, Truth Social will be the first social media platform to offer its users technology to access the prediction markets through CDNA. By utilizing CDNA’s infrastructure, Truth Social also aims to combine social interaction with finance and new Web3 technology. 

The partnership with Crypto.com ensures that transactions and wallet connections are safe, clear, and verified on the blockchain. This partnership blends social media with real-time market participation. There is no doubt that the prediction markets are growing quickly, with platforms like Kalshi and Polymarket leading the way. Together, they reached a record $1.44 billion in trading volume last month. 

Jupiter Enters the Prediction Market

In a similar vein, Solana-based decentralized exchange aggregator Jupiter plans to roll out its new native prediction market platform. The project, developed in collaboration with Kalshi, enables users to place bets on real-world events. As reported by TheCoinRise, the company has launched the beta version of the Jupiter Prediction Market, marking its first step into this fast-growing sector.

Kalshi will serve as the liquidity provider for the new platform, ensuring smooth market operations and reliability for participants. With the addition of prediction markets, Jupiter expects further growth in user activity and engagement. It also expects enhanced cross-product synergy and revenue. All of this could benefit JUP tokenholders in the future.

Jupiter’s team plans to expand the number of available markets following the beta phase, with a full launch expected in Q4 of 2025. The goal is to make prediction trading more accessible to retail and institutional participants.

Rising Institutional Interest in Prediction Markets

Interest in prediction markets has surged in recent months. This is fueled by increased institutional investment and rising trading volumes. Polymarket and Kalshi have seen valuations climb sharply amid growing demand.

Earlier this month, Intercontinental Exchange (ICE) invested $2 billion in Polymarket. Kalshi also secured $300 million in Series D funding, achieving a $5 billion valuation. Weekly trading volume across prediction platforms also reached $2.03 billion in mid-October.