Story perspectives

Trump’s TMTG Launches Betting Platform with Crypto.com Partnership

10/31/2025

Summary

Story summary

On Oct 29, 2025, U.S. President Donald Trump’s Trump Media & Technology Group Corp. (TMTG) announced a Crypto.com partnership to launch Truth Predict on Truth Social.
Users can bet on future events, with contracts priced in cents by confidence levels.
The market will compete with Kalshi and Polymarket, but some event contracts are limited.
Trump, largest TMTG shareholder, transferred $4 billion in shares to a trust controlled by his son.

History

Historical Context

The JOBS Act, enacted in 2014, enabled crowdfunding, fostering the growth of startups like Trump Media & Technology Group (TMTG), founded in 2021. TMTG's partnership with Crypto.com aims to innovate event prediction markets, reflecting the rise of digital finance. As of 2023, TMTG faced significant financial and legal challenges, including investigations into potential securities violations and a reported loss of $31.5 million since its inception.

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Story summary

On Oct 29, 2025, U.S. President Donald Trump’s Trump Media & Technology Group Corp. (TMTG) announced a Crypto.com partnership to launch Truth Predict on Truth Social.
Users can bet on future events, with contracts priced in cents by confidence levels.
The market will compete with Kalshi and Polymarket, but some event contracts are limited.
Trump, largest TMTG shareholder, transferred $4 billion in shares to a trust controlled by his son.

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