Trump Media to Allow Prediction Markets On Fact Social

Trump Media and Know-how Group (TMTG), a expertise and media firm co-founded by US President Donald Trump, plans to allow prediction markets on its social media platform, Fact Social.

Trump’s Fact Social has partnered with Crypto.com, a serious US crypto change, to launch the social media prediction market platform referred to as Fact Predict, in accordance to an official announcement on Tuesday.

“For too lengthy, international elites have carefully managed these markets — with Fact Predict, we’re democratizing info and empowering on a regular basis Individuals to harness the knowledge of the group, turning free speech into actionable foresight,” Trump Media CEO Devin Nunes mentioned.

Fact Social’s transfer into prediction markets comes amid a booming international prediction markets business, with two main business gamers, Kalshi and Polymarket, main the pattern.

Since its launch in 2022, Fact Social had amassed about 6.3 million customers as of January 2025, trailing far behind rival platforms like X, which had 650 million customers in early 2025, in accordance to website positioning.ai knowledge.

Full US launch anticipated quickly

In keeping with the assertion by TMTG, Fact Social’s prediction market integration will start beta testing stay on the social media platform “within the close to future.”

Following the beta launch, Fact Social expects to proceed with a full launch of Fact Predict within the US, the announcement famous.

Whereas the upcoming Fact Predict launch targets the US market explicitly, established market gamers like Kalshi and Polymarket have confronted challenges in providing their prediction markets within the US.

On Monday, Kalshi filed a lawsuit towards the New York State Gaming Fee, accusing the regulator of overstepping its jurisdiction by issuing a stop and desist order for allegedly illegally providing sports activities betting within the state.

Associated: Kalshi raises $300M to broaden prediction markets to 140 international locations

Polymarket is presently within the means of resuming operations within the US after the platform needed to exit in 2022 following a settlement with the Commodity Futures Buying and selling Fee (CFTC) for working an unregistered derivatives buying and selling platform.

The CFTC and the US Division of Justice have since dropped investigations towards Polymarket, underscoring the softening strategy to crypto as a complete beneath the Trump administration.

Donald Trump Jr., the eldest son of the US president and the chief vp of the Trump Group, joined Polymarket’s advisory board in August.