Archive · 29 Oct 2025
Truth Social to Introduce Betting on Real-World Events
Truth Social, a social media app started by Donald Trump, is planning a new feature that lets people bet on real-world events.
You could bet on things like election results, changes in interest rates, or the price of gold.
This feature is possible through a partnership with a cryptocurrency company called Crypto.com.
The company says this is about empowering people to make smart guesses.
These types of betting are called 'prediction markets' and are watched over by a government agency, not like regular gambling.
Other big companies are also investing in these kinds of prediction platforms because they are becoming very popular.
However, some people are worried because these apps are popular with young people, and there are concerns about addiction and losing money.
Truth Social, founded by Donald Trump, will soon allow users to bet on real-world events.
Betting will cover elections, interest rates, commodity prices like gold and crude oil, and major sports leagues.
The feature is a result of a partnership with cryptocurrency platform Crypto.com.
These 'prediction markets' are regulated by the US Commodity Futures Trading Commission (CFTC) and are not considered traditional gambling.
Concerns exist regarding potential addiction and financial risks, especially among younger users.
- Who
- Trump Media and Technology Group (TMTG), owner of Truth Social
- What
- Announced it will allow users to bet on the outcome of real-world events through the app.
- When
- Announced October 28.
- Where
- Truth Social platform.
- Why
- To capitalize on the growing popularity of prediction markets and empower users by 'harnessing the wisdom of the crowd.'
Concerns Raised
Regulatory Stance
Youth Engagement & Risks
Concerns Raised
The apps are especially popular among younger users, prompting concerns about addiction and financial risks.
Regulatory Stance
These 'prediction markets' are regulated by the US Commodity Futures Trading Commission (CFTC) rather than state gambling authorities.
- Platform
- Truth Social
- Operator
- Trump Media and Technology Group (TMTG)
- Partnership
- Crypto.com
- Betting Categories
- Elections, interest rates, inflation rates, gold and crude oil prices, major sports leagues
- Regulation
- Commodity Futures Trading Commission (CFTC)
- Industry Trend
- Prediction platforms gaining investment and popularity (e.g., $2 billion investment in Polymarket by Intercontinental Exchange).