Trump Media is scaling back plans for its prediction market

Chances are the Trump family will launch a full campaign Prediction market The product this year just dropped.

last year, Trump Media and Technology Group Announce Expect the trutha partnership with cryptocurrency company Crypto.com. The initial announcement described “Truth Predict” as a “new product” that would allow this Social truth Users make trades in sports, inflation, elections and more through the “built-in” prediction market service. “For too long, global elites have closely controlled these markets — with Truth Predict, we are democratizing information and empowering ordinary Americans to harness the wisdom of the crowd, turning freedom of expression into actionable insight,” then-CEO Devin Nunes said in October 2025. press release.

At the time, the company detailed how Truth Social users would be able to convert the platform’s existing “Truth Gem” currency into Cronos cryptocurrency tokens, then “apply” them to Truth Predict trades. Now, Trump Media is framing the project differently. In its most recent public filing, the company noted that the prediction market is “still under development,” but that its offerings will initially be limited to “marketing and promotion collaborations” with OG.com, the US-based prediction market platform that Crypto.com launched in February 2026.

What exactly is “marketing and promotion cooperation”? It’s hard to say, as neither Trump Media nor Crypto.com responded to questions about what the agreement entails. “We are encouraged by the progress we have made in developing Truth Predict in partnership with CDNA and look forward to bringing this exciting feature to Truth Social users,” Shannon Devine, a Trump Media spokeswoman, told WIRED via email. (“CDNA” refers to Crypto.com’s US-regulated derivatives exchange and clearinghouse, called Crypto.com | North American Derivatives. These are really out-of-the-box terms.)

Prediction markets are a fast-growing and hotly contested industry. Donald Trump Jr. has relationships with many leading markets; He is a Paid consultant To Kalshi and Investor in Polymarket through his venture capital firm. President Donald Trump has made little public comment about prediction markets, although he told reporters last April that he “didn’t like it conceptually” and that he was “not happy with any of that stuff.”

However, the Trump administration has largely taken a friendly stance toward the industry through its top federal regulatory body, the Commodity Futures Trading Commission. The CFTC under Biden banned Polymarket and even raided the home of its CEO Shane Coplan; The CFTC under Trump dropped the investigation. The Trump-era CFTC also insists it has exclusive jurisdiction over the industry, and has opposed state efforts to intervene. File your own lawsuits Against what CFTC Chairman Michael Selig called “overzealous government regulators.” Selig is You are engaged in a tense battle and with state regulators on how to enforce the law on these products; States like Nevada, Wisconsin, and Massachusetts are taking companies including Polymarket, Kalshi, and Crypto.com to court, arguing that they need to abide by state gambling rules.

One of the defining characteristics of OG.com is that it initially planned to allow participants to trade on margin, meaning people would be able to borrow money to make trades rather than providing all the funding themselves. Margin trading is a well-established practice in the world of financial derivatives, but relatively new to prediction markets; It inherently involves an additional degree of risk because it allows traders to use money they do not have. (It’s not clear whether OG.com will roll this out. When WIRED reached out to the company to ask if margin trading was available, it received an email from the “OG team” stating that “margin trading is not an offered product.”)

The result is that at some point in the near future, a Truth Social user may be able to switch between reading Trump’s all-caps posts and borrowing large sums of money to build a World Cup investment — but depending on how their “marketing collaboration” is set up, they may not actually make trades within the social network.