Crypto.Com & Truth Social just stunned the crypto universe with Truth Predict, a new prediction market that’s going live on Donald Trump’s social media platform. With this upgrade, all users on Truth Social will be able to place their bets on various prediction contracts.
Truth Predict: Trump Network’s Web3 Crystal Ball?
These include major political events, gold & crude oil prices, major sporting events, crypto price predictions and much more. This harnesses the power of immediate participation, opening a safe platform for bettors to discuss & compare their choices while getting Web3 rewards.
“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”, – said Devin Nunes, the CEO of Trump Media.
Sponsored
Meanwhile, Crypto.Com’s CEO Kris Marszalek expects the prediction markets to materialize into a multi-deca-billion dollar industry soon. Leading the front in prediction markets, Crypto.Com previously introduced minute-timed predictions on crypto, garnering success among American customers.
Cronos Price Banks On Trump Media Integration
Initially, the Truth Predict widget will run in Beta testing mode in the near future, followed by a full launch in the United States (USA). The federally-compliant crypto prediction service is bound to arrive in overseas territories once the regulatory hurdles are cleared.
For now, American Truth Social & Truth+ users can earn Truth gems, which are then easily converted to Crypto.Com’s native Cronos (CRO) coin. The CRO rewards system on Truth Social is arriving in full swing with this expanded collaboration with Trump Media.
This has served a moderate boost to Cronos (CRO) market value, as the major exchange’s (CEX) native token whipped up 6.44% gains to trade at $0.16 as of press time. Zooming out, Cronos (CRO) inked 114.5% gains over the past 365, securing a comfy spot in crypto’s TOP 40 by global market cap at $5.72 billion, per real-time CoinGecko data.
Dig into Ciphera’s trending crypto news today:
Hong Kong Launches First Asia-Pacific Solana Spot ETF
SWIFT Flywheel Spins XRP Or XLM For ISO Adoption
People Also Ask:
New prediction market feature on Truth Social. Lets users trade contracts on real-world events. First social platform to integrate this natively.
Expands into fintech beyond social media. Democratizes access to “wisdom of the crowd.” Ties free speech to actionable betting on events.
Political elections. Interest/inflation rate changes. Commodity prices like gold/crude oil. Major sports league outcomes. More to come.
Exclusive deal with Crypto.com Derivatives North America (CDNA). CFTC-registered for compliance. Users convert Truth gems to CRO.
Beta testing is starting soon on Truth Social. Full United States roll-out is coming up next. Global expansion after regulatory approvals.
