“Truth Predict. The 2024 US presidential campaign has revealed a previously niche sector of the crypto ecosystem: prediction markets. These marketplaces have grown rapidly in popularity, with platforms such as Polymarket and Kalshi leading the way. This trend clearly hasn’t escaped President Donald Trump, as he just announced the upcoming launch of a platform called Truth Predict in partnership with Crypto.com. The platform will offer bets […]”, — write: businessua.com.ua
Truth Predict. The 2024 US presidential campaign previously discovered a niche sector cryptoecosystems: prediction markets. These marketplaces have grown rapidly in popularity, with platforms such as Polymarket and Kalshi leading the way. This trend clearly hasn’t escaped President Donald Trump, as he just announced the upcoming launch of a platform called Truth Predict in partnership with Crypto.com. The platform will offer bets on election results, changes in the inflation rate, sporting events and even prices on gold and crude oil.
Key points of this article:
- The 2024 US presidential campaign has seen an impressive growth in prediction markets, especially thanks to platforms like Polymarket and Kalshi.
- Donald Trump has announced the launch of Truth Predict, a new prediction markets platform, in partnership with Crypto.com, for betting on various events such as elections and commodity prices.
Forecast markets are the trend of the moment. Forecast markets are platforms where users can bet on the outcome future events . They can range from political election results to sports scores and economic fluctuations. The idea is using collective intelligence to predict events with greater accuracy than traditional methods.
These platforms survived an unprecedented boom during the last US presidential campaign. Millions of people put over 3 billion dollars on the election results. Today this market is dominated by such players as Polymarket and Kalshi with estimates in 9 billion and 5 billion dollars in accordance.
Trump camp launches new forecasting project – Source: Account X
Predicting the truth: Donald Trump’s response Faced with such enthusiasm, Donald Trump couldn’t sit idly by, and according to Fortune, he’s about to take action. President announced the launch Truth Predict a new platform market forecasting integrated into its Truth Social social network and developed in partnership with Crypto.com.
Truth Predict like its competitors, will allow users to bet on a wide range of events, from celebrity news to the prices of commodities such as gold and oil. According to the words Devin Nunes president and CEO of Trump Media, the initiative aims to “ to democratize information and empower ordinary Americans to use the collective mind “.
The president and his entourage continue to invest in every sector of the crypto-economy, and this latest project caps months of announcements that have been as significant as they were unexpected. A combination of various enterprises such as World Liberty Financial , Truth Social ETF , bitcoin mining and memcoins causes concern and of course, caused criticism from the opposition.
Source: journalducoin.com
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