CRO Rockets on Crypto.com–Trump Prediction Market Partnership
Key Takeaways
- Trump Media has partnered with Crypto.com to bring prediction markets to Truth Social.
- Crypto.com’s native token, CRO, jumped 10% on the news.
- The announcement is the latest in a string of partnerships between the two companies.
Crypto.com’s native token, Cronos (CRO), spiked 10% on Tuesday after Trump Media announced its latest partnership with the exchange.
The two companies, which have a track record of collaboration, will work together to make prediction markets available on Truth Social through Crypto.com’s licensed derivatives exchange, Derivatives North America (CDNA).
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Trump Media Deal Pumps CRO
As news of the Crypto.com –Trump Media partnership spread, CRO jumped from $0.155 to $0.166 in the space of 25 minutes before pulling back to settle at around $0.157.
According to CCN’s Valdrin Tahiri, for the latest pump to translate into a meaningful breakout, CRO will need to climb above a key resistance level at $0.22.
The latest deal marks the third time CRO has been boosted by association with Donald Trump’s media company.
When the two companies announced plans to develop Exchange-Traded Funds (ETFs) together in March, CRO jumped 30%.
The Trump effect was even more pronounced in August, when they signed a $6.42 billion deal to establish a CRO treasury company.
Truth Social To Integrate Prediction Markets
According to Tuesday’s announcement , Truth Social will become the first social media platform to integrate prediction markets.
A new platform feature expected to roll out in 2026, “Truth Predict” will let users trade contracts related to real-world events such as elections, sports, and economic outcomes, the release said.
It added that userswill be able to purchase contracts using CRO, suggesting the platform may pursue Polymarket-style on-chain settlement on the Cronos blockchain. However, this remains unconfirmed.
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