Trump's New Betting Game: Is It Fair or Just Another Scheme?

Trump Media has unveiled an ambitious new venture: Truth Predict. This platform will allow users to bet on political events, including elections, Federal Reserve interest rates, and commodity prices like gold and oil. Transactions will be conducted using cryptocurrency.

Key Features and Expansion

• Truth Predict will launch soon, in collaboration with Crypto.com.
• Initially available in the U.S., with plans to expand globally.
• Users worldwide can bet on U.S. politics via Truth Social.

Controversies and Concerns

Manipulation Risks

• Prediction markets are vulnerable to manipulation.
• In 2024, a single foreign entity bet $30 million on Trump’s chances, highlighting potential vulnerabilities.

Conflict of Interest

• Donald Trump Jr. is involved in other prediction markets, creating competition with Truth Predict.
• Major investors in these markets are Trump allies, including Peter Thiel and Henry Kravis.

Legal and Ethical Questions

• Companies like Kalshi are already in legal battles over gambling regulations.
• Trump Media has profited significantly from crypto sales, raising over $800 million in the first half of 2025.
• Trump recently criticized a basketball gambling scandal, yet now finds himself in a similar situation, raising questions about his motives.

The Future of Political Betting

The success of Truth Predict remains uncertain, but its launch marks a significant shift in how people engage with political predictions.