Trump Media Group scales back prediction market plans, Truth Predict may only engage in marketing cooperation with a single exchange

BlockBeats reported that on May 12, Trump Media & Technology Group (TMTG) is scaling back its prediction market business plans. According to the latest disclosure documents, the previously high-profile prediction market product Truth Predict is still in the development stage and will initially be limited to "marketing and promotional cooperation" with the U.S.-based prediction market platform OG.com under an exchange.

This statement is noticeably weaker than the plan initially announced in 2025. At that time, Truth Predict was described as a fully integrated prediction market service within Truth Social, allowing users to exchange "Truth gem" points for Cronos tokens and participate in prediction trading on events such as sports, inflation, and elections.

Currently, neither Trump Media nor the exchange have clearly explained the specific form of the so-called "marketing cooperation," and it remains unclear whether users will be able to conduct transactions directly within Truth Social in the future.

The prediction market industry has expanded rapidly in recent times but is also facing regulatory controversy. Donald Trump Jr., the eldest son of Trump, is associated with several prediction market platforms; he serves as an advisor to Kalshi and has also invested in Polymarket through his own venture capital firm.

The Trump administration overall has maintained a favorable stance toward prediction markets. Under Trump, the CFTC withdrew an investigation into Polymarket initiated during the Biden administration, and has consistently emphasized that prediction markets fall under federal derivatives regulation rather than state gambling supervision.

CFTC Chairman Michael Selig recently stated that the agency has sued several state governments attempting to restrict prediction market operation, and is currently working with major U.S. professional sports leagues to strengthen oversight against insider trading and market manipulation.

It is worth noting that OG.com initially planned to support margin trading, allowing users to borrow funds to participate in prediction market bets, but this feature does not appear to have been officially launched yet.

In addition to Truth Predict, the right-wing media outlet Newsmax has also applied to launch its own prediction market platform, "Newsmax Markets." Meanwhile, Kalshi and Polymarket have separately established partnerships with media organizations such as CNN, CNBC, and Fox.