Gaming regulators nationwide may soon contend with a new derivatives prediction market with connections to the White House.

Representatives of the Trump Media and Technology Group Corp. last week announced plans to roll out Truth Predict, a collaboration with crypto.com linking the social media platform Truth Social to a new prediction market.

Gaming regulators nationwide have criticized prediction markets as illegal sports gambling platforms because they sell contracts that are similar to sports wagers with participants taking a side in a yes-or-no proposition about the outcome of a game.

Regulators in several states, including Nevada, say offering those contracts amounts to providing illegal sports bets because the companies are not licensed in the states in which they operate.

Exist

See Full Page