Truth Social is set to become the world’s first social media platform to provide prediction market trading, following a new agreement with Crypto.com’s regulated exchange, CDNA. This integration enables users to trade contracts on election results, inflation rates, commodity prices, and sports outcomes in real time.
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According to the announcement, Truth Social plans to embed prediction market capabilities directly into its platform. This integration will allow users to trade contracts on political outcomes, economic events, and global sports in real time.
Democratizing Access to Prediction Markets
At the center of this initiative is “Truth Predict,” a new product enabling users to buy and sell contracts tied to the outcomes of major events such as elections, inflation changes, commodity prices, and sports results. Users will watch prices shift instantly, enabling dynamic reactions to live developments around the world.
Commenting about the move, Crypto.com Co-Founder and CEO Kris Marszalek said, “We are proud to partner with Trump Media, an innovator in digital media, to bring the utility of CRO to the Truth Social platform.”
“This CRO integration is a historic moment for the Cronos blockchain and a testament to the loyal community of builders dedicated to broadening access to the benefits and opportunities of crypto.”
Rewards, Integration, and Future Plans
In addition to standard purchases, Truth Social and its streaming service Truth+ will enable users to convert platform-earned Truth gems into the Cronos (CRO) cryptocurrency, the companies mentioned. These tokens will then be applied to buying prediction contracts, further linking social engagement to financial participation.
The service is set to begin with Beta testing in the United States soon, followed by a full launch and plans for a global rollout once regulatory prerequisites are met.
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This move expands on a recent partnership between Trump Media and Crypto.com to incentivize user activity with CRO rewards and follows an ongoing plan to form a digital asset treasury company through a business combination with Yorkville Acquisition Corp.
Early this year, Crypto.com collaborated with TrumpMedia & Technology Group and Yorkville America to support a series of TMTG-branded exchange-traded funds (ETFs). These ETFs include both digital and traditional assets, with one ETF incorporating a basket of cryptocurrencies, including Crypto.com’s CRO token.
This article was written by Jared Kirui at www.financemagnates.com.
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