Summary
- Trump Media Group said it plans to enter the decentralized prediction market.
- It said a prediction contract service that allows betting on political and economic events will be introduced within the Truth Social platform.
- Trump Media said this is an attempt to expand Truth Social into a financial social network.
Trump Media Group is reportedly planning to enter decentralized prediction markets.
On the 28th (local time), Bloomberg reported that Trump Media & Technology Group Corp said it plans to introduce a prediction contract service within its platform Truth Social where users can bet on various events ranging from political elections to changes in the inflation rate.
The service is expected to be launched under the name 'Truth Predict' and is set to begin initial testing in the near future. This move is interpreted as an attempt by Trump Media to seize growing demand for predictive betting on political and economic events and expand Truth Social from a simple social platform into a finance-oriented social network.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
