Trump Media Set to Compete with Polymarket and Kalshi as DJT Stock Rises Following Prediction Market News

Launch of Truth Predict: Trump Media & Technology Group announced the launch of Truth Predict, a prediction markets platform within its Truth Social app, allowing users to trade contracts on major events like elections and commodity prices.

Partnership with Crypto.com: The platform will be powered by Crypto.com Derivatives North America, enhancing Trump Media's relationship with the crypto exchange, which has previously supported Trump's political initiatives.

Market Context: The launch comes amid a surge in global prediction market activity, with platforms like Polymarket and Kalshi reporting record trading volumes, indicating growing interest in event-driven trading.

Regulatory Landscape: While prediction platforms face regulatory challenges in the U.S., Trump Media's partnership with a CFTC-registered exchange may mitigate legal risks, positioning it favorably against traditional exchanges.