CoinDesk Podcast Network Trump Media to Launch Prediction Markets on Truth Social | CoinDesk Daily
Oct 28, 2025
Trump Media is making waves by launching prediction markets on Truth Social, allowing users to place bets on elections and sports directly in the app. The podcast dives into the competition with platforms like Polymarket and Kalshi, highlighting a significant lawsuit from Calci against New York State. Additionally, the surprising listing of new spot crypto ETFs sheds light on industry dynamics amid SEC transitions. Tune in for insights on privacy, blockchain innovation, and the future of digital betting!
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Truth Social Adds Native Prediction Markets
- Trump Media plans to add native prediction markets called Truth Predict inside Truth Social via Crypto.com's CFTC-registered exchange.
- This would make Truth Social the first social platform to integrate betting on real-world events directly into the app.
Betting On Politics And Sports In-App
- Users will be able to bet on elections, Fed decisions, and sports through Crypto.com's CFTC-registered exchange.
- Embedding these markets turns a social feed into a direct channel for financial products and wagering.
Calci Challenges State Authority
- Calci sued the New York State Gaming Commission, arguing state actions violate federal law and CFTC jurisdiction.
- The lawsuit centers on sports event contracts and asserts federal preemption over state regulation.