News Flash》Trump is going to enter the prediction market! Trump Media plans to launch Truth Predict through Crypto.com, $CRO jumps 8%
According to the latest market news, Trump Media, a media and technology company owned by US President Trump, plans to launch the prediction market Truth Predict through the cryptocurrency exchange Crypto.com.
(Preliminary summary: The U.S. government plans to "directly invest in" quantum computing companies, is Trump-style capitalism coming?)
(Background supplement: Trump raised 250 million magnesium to build the White House "Crypto Ballroom", and the party gathered Coinbase, Meta, Google, and Amazon)
According to the latest report from "Bloomberg", Trump Media, a media and technology company owned by U.S. President Trump, is planning to use cryptocurrency exchanges Crypto.com launches prediction market Truth Predict.
Partnering with Crypto.com to launch prediction market
Reports indicate that Trump Media and Technology Group plans to launch prediction contracts on its Truth Social social platform, allowing users to bet on various events from political elections to changes in inflation rates.
It is worth mentioning that Trump Media stated that Truth Social will launch the prediction market through an exclusive cooperation with the cryptocurrency exchange Crypto.com. Beta testing will begin on Truth Social, and will be launched in the United States after completing the regulatory process, and then globally. Users can exchange "Truth gems" on the platform for $CRO to purchase contracts.
CRO jumped in response
Spurred by this news, the Crypto.com token CRO surged in response, reaching a maximum of $0.167, an increase of 8% in the past 24 hours.
