[The Trump Family Enters the Prediction Market: Is This a Bullish Sign or a Warning?]



I didn't expect the Trump family to launch a prediction platform—Truth Predict, built on the Truth Social ecosystem. Reportedly, it aims to rival Polymarket and Kalshi, with the tagline "A Patriot's Prediction Market."
This is interesting: ① Trump himself is the biggest "underlying asset" in the 2024 prediction markets (on Polymarket, "Trump Wins" has over $3 billion in trading volume); ② Now he wants to run the platform—does this count as "the referee joining the game"? ③ If the platform allows predictions on "Trump's policy direction," the information advantage would be huge.
A deeper question: If celebrities/politicians run prediction platforms, will they become tools for "manipulating public opinion"?
This reminds me of the OracleX whitepaper (
OracleX's proposed DAO governance + adversarial adjudication mechanism, at least in theory, can prevent single-entity manipulation. Of course, DAOs can also be controlled by whales, but that's still better than a CEO having the final say.
Trump entering the game is a signal: Prediction markets have moved from the fringes to the mainstream. But we must be wary of them being hijacked by power and capital.
Technology is neutral, but the people who use it are not.
#TruthPredict # prediction markets #decentralization
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)