TECH NEWS

Trump Media Scales Back Plans for Its Own Prediction Market

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May 12, 2026 11:57 AM

Truth Predict was supposed to be the Trump family’s biggest leap yet into prediction markets. Now it’s looking more like a tiptoe.

Photograph: Aaron Schwartz/Getty Images

The odds that the Trump family will launch a full-fledged prediction market product this year just plummeted.

Last year, the Trump Media and Technology Group announced Truth Predict, a partnership with the cryptocurrency company Crypto.com. The initial announcement touted Truth Predict as a “new product” that would allow Truth Social users to make trades on sports, inflation, elections, and more through an “embedded” prediction market service. “For too long, global elites have closely controlled these markets—with Truth Predict, we’re democratizing information and empowering everyday Americans to harness the wisdom of the crowd, turning free speech into actionable foresight,” then-CEO Devin Nunes said in the October 2025 press release.

At the time, the company detailed how Truth Social...

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