Trump Media Partners with Crypto.com to Launch Truth Social Prediction Market
Following its Truth Predict launch, Crypto.com announced plans to expand into entertainment-focused prediction markets through Hollywood.com, signaling broader diversification beyond political and economic event wagering.
Summary
Trump Media & Technology Group's Truth Predict platform—developed with a Crypto.com affiliate—offers cryptocurrency-powered betting on sports, politics, and economics. In a subsequent announcement, Crypto.com revealed intentions to develop entertainment-based prediction markets via Hollywood.com, expanding its market reach beyond Truth Social's current offerings. This move diversifies Crypto.com’s prediction market portfolio and integrates entertainment industry content into blockchain-powered wagering.
Terms & Concepts
- Prediction Market: A platform where users can trade contracts based on the outcomes of future events, often used for forecasting.
- Truth Social: A social media platform launched by Trump Media & Technology Group.
- Crypto.com: A cryptocurrency exchange and financial services company offering trading, payment, and blockchain-related infrastructure.