Trump Media Unveils Polymarket Rival, Sets Sights on $9 Billion Prediction Market with Crypto Partners

Updated

October 30, 2025

Gambar Trump Media Unveils Polymarket Rival, Sets Sights on $9 Billion Prediction Market with Crypto Partners

Jakarta, Pintu News – Trump Media & Technology Group has announced a partnership with Crypto.com to launch Truth Predict. The move positions the company as a direct competitor to big players like Polymarket, while giving them a share of the $9 billion prediction market.

Trump Media Introduces Polymarket’s New Competitor: Truth Predict

According to a report from Bloomberg, Trump Media will bring a new feature called Truth Predict, which allows users to make prediction contracts on a variety of topics, from elections and economic indicators to sports results and commodity prices. The feature is scheduled to begin testing in the next few weeks, before an official launch in the United States and then continuing globally.

“Until now, these markets have been controlled by global elites. With Truth Predict, we are democratizing information and empowering the American people to harness collective wisdom,” said Devin Nunes, CEO of Trump Media and former US Congressman.

This announcement comes amid a surge in activity on existing prediction platforms such as Polymarket and Kalshi, whose weekly trading volumes have recently surpassed the highs reached during the 2020 election cycle, according to data from Dune Analytics.

This increase has also attracted the attention of major Wall Street players such as CME Group and Intercontinental Exchange, which are now starting to explore opportunities to enter the event-based betting market.

Truth Predict will utilize the services of Crypto.com Derivatives North America to facilitate prediction bets, strengthening the cooperation between Trump Media and Crypto.com. Previously, the two companies had agreed on the establishment of a crypto-based treasury vehicle as well as the joint development of exchange-traded fund (ETF) products under the Truth.Fi brand.

polymarket election prediction — Source: The Block

Trump Media’s new platform has the potential to be a serious competitor to Polymarket’s dominance in the predictions market. It is reported that the platform is raising funds at a valuation close to $15 billion.

In addition, the company also announced plans to launch a native token called POLY, as well as conduct a retroactive airdrop to their loyal users.

Different in approach, Polymarket uses blockchain technology as the cornerstone of its operations, while Kalshi adopts a traditional financial model. Despite their differences, both are now facing growing regulatory uncertainty in the United States.

Kalshi even recently sued the New York State Gaming Commission, arguing that the state has no authority over the already federally regulated prediction market.

This latest move from Trump Media is a continuation of previous initiatives. One of the most notable is the confirmation of the formation of the Cronos Treasury, which was supported by the purchase of approximately 684 million Cronos tokens worth approximately $105 million.

Meanwhile, Kris Marszalek, CEO of Crypto.com, is known to have a close business relationship with the Trump family. Crypto.com’s role is also increasingly prominent in the Trump Media administration’s digital asset strategy.

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