Trump Media, Polymarket Rivalries Reshape $9B Crypto Prediction Markets

Trump Media & Technology Group is launching a new prediction market platform called Truth Predict, partnering with Crypto.com to compete directly with established players like Polymarket. Truth Predict will enable users to wager on various real-world events using blockchain technology, with initial testing underway and plans for a U.S. launch followed by a global rollout. Meanwhile, Polymarket is preparing to reenter the U.S. market after regulatory challenges, having acquired a CFTC-regulated derivatives exchange, QCX, and plans to launch its own native $POLY token along with an airdrop. Polymarket has seen a surge in trading volumes and user engagement in 2025, driven largely by election-related predictions, and has attracted significant investment, boosting its valuation close to $15 billion. Both platforms are navigating regulatory uncertainties while positioning themselves in the growing $9 billion prediction market space, with traditional financial firms also showing interest in this sector. The competition between Truth Predict and Polymarket highlights the increasing mainstream acceptance and institutional involvement in blockchain-based prediction markets.