Trump Media and Crypto.com Team Up to Challenge Polymarket in the Booming Prediction Market
The platform will allow users to speculate on real-world outcomes ranging from political elections and sports events to commodity prices and economic data. With this launch, the company positions itself as a direct rival to industry leaders like Polymarket and Kalshi, which have dominated the $9 billion prediction market sector.
Testing Phase and Vision for Expansion
Sources close to the project indicate that Truth Predict will begin its pilot testing phase in the coming weeks, with an official U.S. rollout to follow shortly after. Global expansion is also on the agenda. The goal is to transform public speculation into a transparent and data-driven ecosystem, powered by crowd intelligence rather than institutional control.
Trump Media CEO Devin Nunes emphasized that the initiative is about giving ordinary users a level playing field. He argued that traditional prediction markets have long been shaped by insiders and elites, while Truth Predict aims to bring decision-making power back to the public through open access and transparent market mechanisms.
Rising Interest in Prediction Platforms
The timing could not be better. Platforms like Polymarket have seen record-breaking trading volumes in recent months as public engagement surges ahead of global elections and major economic shifts. Data from Dune Analytics shows that activity levels now surpass those seen during the 2020 election cycle. Meanwhile, financial giants such as CME Group and Intercontinental Exchange have expressed growing interest in entering the space, signaling mainstream recognition of event-based financial products.
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Truth Predict will operate on infrastructure supported by Crypto.com Derivatives North America, which will facilitate trade execution and ensure compliance. The partnership further strengthens the alliance between Trump Media and Crypto.com, following earlier collaborations on the Truth.Fi initiative — a project exploring crypto-backed treasuries and exchange-traded funds.
A Blockchain Treasury Foundation
Earlier this year, Trump Media revealed the creation of a Cronos Treasury, which includes approximately 684 million CRO tokens valued at about $105 million. This move established the foundation for a blockchain-driven financial framework supporting Trump Media’s growing digital ecosystem.
Polymarket, currently valued near $15 billion, is preparing to issue its POLY token and reward long-term participants through an airdrop. However, despite its success, the company faces ongoing regulatory scrutiny in the U.S. Similarly, Kalshi recently filed a lawsuit against New York’s gaming commission, arguing that prediction markets fall under federal — not state — oversight.
A Strategic Play for Blockchain Influence
The introduction of Truth Predict marks more than just a new product launch. It represents a strategic entry point for Trump Media into the evolving world of decentralized finance. With Crypto.com’s CEO Kris Marszalek maintaining close ties to the Trump administration, the initiative could play a central role in shaping how blockchain innovation integrates with U.S. economic policy and financial infrastructure in the coming years.
The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
The post Trump Media and Crypto.com Team Up to Challenge Polymarket in the Booming Prediction Market appeared first on Coindoo.
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