Polmarket. Kalshi. Social Reality?
It looks like Donald Trump’s Social Network is entering the prediction market. On Monday, the company’s social parent company, Trump Media and Technology Group Corp., announced that the social media platform would be the first such place to launch its prediction market.
The prediction market will be called “truth predict.”
Social Reality has announced a “special arrangement” that recognizes the company it will partner with Crypto.com to make the prediction market happen.
“We are very excited to be the first commercial social media platform to give our users access to predictive marketing,” said Trump Media chairman Devin. “True Prediction will allow our loyal users to engage in Prediction markets through a trusted network while integrating our social media platform to provide unique ways to use and compare their predictions.”
NEW FREE LIFE REALITY ‘APPROVED’ UNLOCKED BY TRUM
Polmarket and Kalshi are currently two of the most popular prediction markets. These platforms allow users to place bets on almost anything, from the results of an election or a basketball game to betting on whether a celebrity will do something before a certain date. Prediction markets circumvent gambling rules and regulations by offering “deals” with users betting against each other instead of playing with the house. Polymarket and Kalshi do not look at results and instead make money from the fees paid on each contract sold.
Bright light speed
Prediction markets have become very popular in recent years. In the lead up to the 2024 presidential election, many are following what platforms like polmartet and Kalshi were he jumped Based on the view it is placed on top of the traditional images. Now, even news outlets to fold These markets look at polling data.
However, the prediction markets have found a very strong base in the US since Trump won the election. For example, polymaltet could not even work in the US from 2022 due to the settlement of Commodities and Futures Trading Commission (CFTC). The regulatory agency suspected that polmartet was operating in an unregistered trading market. The FBI even – pain The home of PolMAlmarket Shayne Coplan’s in 2024 to investigate whether the company was still trying to work in this country.
Trump’s Justice Department the investigation is closed in polymarket in July of this year, and the company is allowed to operate again in the US
“Prediction markets are poised to become a multi-billion dollar industry,” said Crypto.com co-founder and chief executive officer in a statement to social media.
And that gets to the heart of why the Trump Media is starting to predict the truth. by – Over there He points out, the Trump family already has a financial interest in the prediction market. The President’s eldest son, Donald Trump Jr., is currently Kalshi’s strategic advisor. Trump Jr. you are back on the polymarket advisory board because of an investment made by a VC Firm where you are a partner.
It has already been well established that President Trump and his family have no worries about conflicts of interest and allegations of corruption. They have already tested different waters Cryptocurrency projectswhich has seen the trump family benefit all around $1 billion last year alone.
If the President of the United States is involved in an unregistered gambling industry where people place bets on what will happen in politics, business, sports, and more – what went wrong? Not much for the ultimate provider who can pull the strings in as many situations as Trump.
But everyone, though? Just ask the hundreds of thousands of people who lost money investing in Trump’s Memecoin.
