President Donald Trump’s social media platform will soon let users wager on elections and other political events he’s involved in.
Trump Media announced Tuesday morning that Truth Social will launch a new feature allowing users to bet on everything from elections and Federal Reserve rate decisions to gold and crude oil prices using cryptocurrency.
The feature, Truth Predict, will debut through a partnership with Crypto.com “in the near future” across the United States, according to a statement from the company. Trump Media then plans to expand the service worldwide, enabling users around the globe to bet on outcomes in American politics via the president’s own social media app.
“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,” Devin Nunes, chief executive officer of Trump Media and a former Republican congressman, said in a statement provided to the Daily Beast.
Trump Media, which trades under the ticker DJT, rose about 1.8 percent to $16.33 Tuesday morning.
Once the betting feature is launched, Truth Social will become the first social platform with native prediction markets—a buzzy and fairly new way to bet on real-world events in real-time.
“It’s a novel expansion,” said Aaron Brogan of Brogan Law, a boutique law firm focusing on cryptocurrency and financial products.
“If this model bears out, observers should expect that [prediction markets] will be [on] every social media platform.”
Political prediction markets are rife with ethical concerns, experts have warned.
For one, these markets often lack trading volume—making them easy to manipulate and vulnerable to foreign interference. Last year, The Wall Street Journal reported that a surge in Trump’s odds to win the presidential election on the prediction app Polymarket was driven by roughly $30 million in bets from a single foreign entity.
Just as glaring are the conflict-of-interest concerns surrounding the president himself. Donald Trump Jr., a director of Trump Media, also serves as a strategic advisor to Polymarket and Kalshi—prediction-market platforms that now stand to compete directly with Truth Predict.
Shayne Coplan, the 27-year-old founder of Polymarket and the world’s youngest self-made billionaire, also has close ties to the Trump family and reportedly bragged about schmoozing Trump allies at the Republican National Convention.
Additionally, some of the largest investors in prediction market platforms are top GOP donors with close links to Trump including Peter Thiel and Henry Kravis, Time reported.
The future of prediction markets in the U.S. is murky. Similar companies, including Kalshi, are embroiled in court battles with several states, and gambling regulations evolve.
Truth Predict marks the latest crypto hustle from the Trump family, which has pulled in more than $800 million from crypto-asset sales in the first half of 2025 alone, according to Reuters.
The White House declined to comment and referred the Daily Beast to the Trump Organization.
The announcement comes just days after Trump railed against the recent basketball gambling scandal that led to the arrest of NBA Hall of Famer Chauncey Billups—an NBA player and coach—on allegations of running a gambling operation with mafia ties.
“What’s worse, the NBA players cheating at cards, and probably much else, or the Democrats cheating on Elections,” Trump wrote Sunday in a Truth Social post.
