NEW YORK, 29 October (H.S.): Trump Media and Technology Group (TMTG), the parent company of President Donald Trump’s Truth Social platform, announced on Tuesday that it will introduce betting on real-world events. Through a partnership with Crypto.com, users will be able to wager on outcomes ranging from elections and economic indicators to commodity prices and major sports leagues.This move into prediction markets allows TMTG to tap into a rapidly growing sector of online betting that is particularly popular with younger demographics. These markets operate by allowing users to purchase contracts that pay out if a specific event occurs.

Regulated by the Commodity Futures Trading Commission (CFTC) rather than state gambling authorities, prediction markets are considered a promising new sector. This is evidenced by a recent $2 billion investment in the prominent platform Polymarket by the operator of the New York Stock Exchange.

The new venture is a strategic effort to generate revenue for TMTG, which, according to documents from the U.S. Securities and Exchange Commission, incurred a net loss of $51.7 million on revenues of only $1.7 million in the first half of 2025. The expansion comes amid concerns about the potential for addiction and financial losses associated with the rise of prediction-based betting apps.

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Hindusthan Samachar / Jun Sarkar