TLDR
- Trump Media launches Truth Predict platform for political and economic events
- The platform will include betting on elections, inflation and commodities
- US test phase followed by global expansion plans
- Truth Predict is powered by Crypto.com’s North America Derivatives platform
- Probable platform to help with market analysis and strategy optimization
Trump Media & Technology Group (TMTG) will soon launch a prediction market platform called Truth Predict. The platform will allow users to bet on the outcome of events, including political elections and economic trends such as inflation. TMTG has partnered with Crypto.coms North America Derivatives platform to provide a regulated trading environment for users.
Trump Media’s truth prediction expands into commodities
Truth Predict will initially cover political elections and economic events, such as inflation. Users can buy “shares” linked to specific results, with payouts based on actual results. The platform will allow people to speculate on the outcome of various events and potentially benefit from their predictions.
Trump Media builds on its existing audience through Truth socialwhich aims to attract a large user base. TMTG plans to expand the platform beyond political and economic events to include commodities such as oil and gold. The company also intends to add major sports leagues, such as the NFL and NBA, in the future.
Test period in the US before global expansion
The platform will first be launched in the US after a test period. TMTG plans to expand Truth Predict globally once the system is fully operational. This initial launch will focus on the US market before targeting international users.
The testing phase in the US will help refine the platform’s functionality and ensure compliance with regulatory standards. Afterwards, Truth Predict will try to enter international markets with the aim of capturing a global audience. TMTG expects Truth Predict to become a key player in the growing prediction market sector.
TMTG’s prediction market will be supported by Likely, a platform designed for market analysis. Likely’s intelligent agent helps users understand trends and potential outcomes. The platform will also offer real-time insights on market volatility, helping users make informed decisions.
