The US President has come under repeated scrutiny, with critics arguing that the man and his coterie could be using insiders to realize profits on the stock market.
While these claims have not been substantiated in a court of law, Trump Media and Technology Group’s crypto ambitions have taken an interesting turn; President Donald Trump’s project for a prediction market platform seems to have fallen through.
Truth Predict Is No More, as Plans for President-Backed Exchange Dropped
POTUS previously hinted that Trump Media and Technology Group would launch a website based on the branding of the company’s social media juggernaut, Truth Social, calling it Truth Predict, and enter the prediction market race. The plan, announced in October 2025, was built through an exclusive partnership with Crypto.com’s derivatives arm, Crypto.com Derivatives North America (CDNA), a CFTC-registered exchange and clearinghouse.
The platform would have been merged with Truth Social and would have created what was touted at the time as “the first-of-its-kind” partnership.
The partners, though, won’t proceed with this and other plans, including the establishment of a digital asset treasury, which was also dropped. The two sides cited “prevailing market conditions” and “shifting business and stakeholder priorities” for the decision, rather than any regulatory pressure.
Trump Media’s interim CEO, Kevin McGurn, said the prediction market space has become too crowded to justify running the infrastructure in-house, and that the company now sees more value acting as a distribution and data partner than as an operator. Rather than a clean walkaway, the companies will instead pursue a marketing arrangement in which Crypto.com’s existing prediction market products are promoted to Truth Social’s user base.
When Truth Predict was originally announced, the media behemoth behind the Trump estate suggested that it was in the offing and would launch fairly soon, with beta testing expected ahead of a national rollout.
The idea was to copy the yes/no exchanges already gaining traction at the time, such as Kalshi and Polymarket, and lean into their proven market model and operative capacity.
Prediction markets have been growing in popularity, trampling gaming regulations according to local state officials and attorneys general. However, these platforms have maintained that they are federally regulated and do not constitute a form of gambling.