**Derivatives North America: Truth Social Users to Trade on Major Events Using CRO Digital Currency**
Trump Media & Technology Group, the owner of Truth Social, has announced an exclusive partnership with Crypto.com to introduce event-based prediction markets on the Truth Social platform. This new integration, powered by innovative technology called Truth Predict, will allow users to trade on various real-world topics such as political races and sporting events.
With this development, Truth Social becomes the first social media network to integrate trading functionality directly into its ecosystem. Users will be able to convert in-app Truth Gems—earned through platform activity—into CRO digital currency (Cronos tokens) to participate in prediction contracts.
Devin Nunes, Chairman and CEO of Trump Media, said, “Truth Predict will allow our loyal users to engage in prediction markets with a trusted network while harnessing our social media platform to provide totally unique ways for users to discuss and compare their predictions.” He further emphasized that Trump Media’s strong financial position and $3 billion balance sheet will help set a new standard for open, crowd-driven forecasting.
The team plans to begin beta testing of Truth Predict on Truth Social soon. After the beta phase, the next major milestones include a U.S. launch and a subsequent global expansion, subject to regulatory approval.
According to the announcement, both Truth Social and Truth+ users will have the ability to convert their Truth Gems into Cronos (CRO) tokens. These tokens can then be used to purchase prediction contracts, enabling users to actively participate in this emerging market.
Kris Marszalek, CEO of Crypto.com, highlighted the growth potential of prediction markets, stating, “Prediction markets are poised to be a multi-deca-billion dollar industry.” He also noted that the collaboration with Truth Social combines Crypto.com’s robust infrastructure with Truth Social’s interactive platform to deliver real-time insights into global events and trends.
In addition, Trump Media Group recently revealed a strategic plan with Crypto.com to acquire $6.4 billion worth of CRO tokens to establish a digital asset treasury, further solidifying their commitment to integrating blockchain technology into their ecosystem.
This partnership marks a significant step in blending social media with digital asset trading, opening new opportunities for users to engage with and forecast major global events in real time.
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