Trump Media Cuts Back Truth Predict Plans

The Trump family-owned technology and media group, Trump Media, is scaling back its ambitions for a standalone prediction market product, raising questions about the near-term direction of its planned Truth Predict platform.  

The plan, linked to Trump’s social media channel, that was promoted as a major expansion into financial-style betting markets, appears to have evolved into a smaller feature. 

The shift comes amid growing competition and regulatory scrutiny in the fast-expanding prediction markets sector, where platforms allow users to trade on the outcomes of real-world events ranging from elections to sports results.  

While Trump Media once described Truth Predict as a tool that would democratize information, in its latest public filing, it seems to have scaled back the idea considerably, indicating that it would begin as a promotional collaboration with Crypto.com’s prediction market platform OG.com. 

The details of the collaboration have not been revealed, although a Trump Media spokesperson said the firms were encouraged by the progress on developing Truth Predict and expressed optimism about bringing the feature to Truth Social users, without clarifying whether trading would occur directly on the platform or off.  

Originally announced in late 2025, the Truth Predict concept included converting the platform’s rewards into digital tokens that could be used to place trades on markets, including sports, inflation, and political outcomes. Its future now remains uncertain.  

Trump Reverses Critical Stance on Prediction Markets 

The apparent downgrading of the Trump Predict project has occurred at a time when Donald Trump’s personal stance on prediction markets appears to have softened.  

In comments made at a White House press event at the end of April, Trump appeared to express criticism for prediction markets, saying they were part of what he described as a ‘casino-like’ global financial world that he had never liked.  

A few days later, however, he found a more measured tone when asked about his earlier comments, saying that some people supported the idea. In comments to reporters in Florida, he said that due to the intense international competition in the sector, the United States risked falling behind if it did not engage with the industry. 

“A lot of other countries are doing it, and when the other countries do it, we get left out in the cold if we don't do it,” he said.  

Platforms such as Polymarket and Kalshi have reported significant increases in activity, with combined trading volumes reaching tens of billions of dollars in recent months. The sector has also drawn political attention due to family and business ties. Donald Trump Jr. has invested in Polymarket and serves in an advisory role at Kalshi, two of the leading platforms in the space. 

At the same time, the Chairman of the Commodity Futures Trading Commission, Michael Selig, who was appointed by Donald Trump in December, has been active in defending the federally regulated prediction market model in the face of legal action by multiple states.