Trump's New Betting Game: Is It Fair or Just Another Scheme?

Trump Media has a new plan. They want to let people bet on politics. This is not just about elections. Users can also bet on things like the Federal Reserve's interest rates. And even the prices of gold and oil. They will use cryptocurrency for this. The feature is called Truth Predict. It will be available soon. Trump Media is working with Crypto. com for this. First, it will be in the U. S. Later, they want to expand it worldwide. This way, people from all over can bet on U. S. politics using Truth Social. Devin Nunes, the CEO of Trump Media, says this is about giving power to everyday people. He believes it will make information more democratic. But not everyone agrees. There are big concerns about this idea. One big issue is manipulation. These markets can be easily controlled. Last year, a single foreign entity bet $30 million on Trump's chances. This shows how vulnerable these markets can be. There are also conflict-of-interest issues. Donald Trump Jr. is involved in other prediction markets. These markets will now compete with Truth Predict. This raises questions about fairness. Big investors in these markets are also Trump allies. People like Peter Thiel and Henry Kravis. This makes the situation even more complicated. The future of these markets is unclear. Companies like Kalshi are in legal battles. Gambling rules are always changing. Trump Media has made a lot from crypto sales. Over $800 million in the first half of 2025. Trump recently criticized a basketball gambling scandal. But now he is involved in a similar situation. This makes people question his motives.