Core Insights - Trump Media & Technology Group is expanding into the prediction market, a $20+ billion industry, through a partnership with Crypto.com Derivatives North America [1][2] - The new feature "Truth Predict" will allow users to trade contracts on real-world events, making Truth Social the first social media platform to offer federally regulated event contracts [2][4] Group 1: Business Expansion - The integration of prediction markets into Truth Social aims to transform social conversations into tradeable foresight [2][3] - Truth Predict will begin beta testing in the US before a global rollout, leveraging regulatory compliance and Crypto.com's infrastructure [4] Group 2: User Engagement and Economy - Users can earn "Truth gems" through engagement on Truth Social and convert them into Crypto.com's Cronos (CRO) token to purchase prediction contracts, creating an on-platform play-to-trade economy [5] - The integration is seen as a significant step towards mainstream adoption of event-based markets, combining regulated trading with social engagement [5][6] Group 3: Financial Position - Trump Media claims over $3 billion in financial assets and recently reported its first quarter of positive cash flow since going public [7]

Trump-backed Truth Social jumps into prediction markets with https://t.co/odYCkTfAST https://t.co/bqtWLJF2IV ...

Core Insights - Trump Media & Technology Group plans to launch prediction markets on its social platform Truth Social through a partnership with Crypto.com's U.S.-registered derivatives arm [1][2] - The new feature, Truth Predict, will allow users to bet on real-world events, marking a significant expansion into financial products for the company [2][3] - The company reported over $3 billion in financial assets and achieved its first quarter of positive cash flow since going public [4] Group 1 - Truth Predict will enable users to place bets on various outcomes, including U.S. elections and sports games, using a federally compliant exchange [2] - The integration of prediction markets positions Truth Social as the first social media platform to offer such features natively [3] - The beta test for Truth Predict is expected to launch soon, with in-app token rewards convertible to Crypto.com's Cronos (CRO) token [5] Group 2 - The product will initially launch in the U.S., with plans for international expansion pending regulatory approvals [6] - Trump Media is also exploring broader digital asset initiatives, including a treasury product linked to CRO through a pending SPAC merger [6] - The move places Trump Media in competition with established prediction market platforms like Polymarket and Kalshi, which have received significant financial backing [6]

Core Insights - Snap is introducing new personalization and customization features for its subscription service Snapchat+ to enhance user retention in a competitive market [1] Group 1: Company Strategy - The new features aim to improve the overall user experience for Snapchat+ subscribers, which is crucial for maintaining a loyal paying user base [1] - The initiative reflects Snap's response to the increasing competition in the social media landscape, where user retention is becoming increasingly challenging [1] Group 2: Market Context - The rollout of these features comes at a time when subscription-based models are gaining traction in the social media industry, highlighting a shift towards monetization strategies that prioritize user engagement [1]

Core Insights - Trump Media & Technology Group Corp. is launching a prediction market service called Truth Predict on its Truth Social network, allowing users to bet on various events including political elections and inflation rates [2][3] - The initiative aims to leverage the growing interest in prediction markets, as evidenced by record trading volumes on platforms like Polymarket and Kalshi, attracting attention from major firms like CME Group and Intercontinental Exchange [3] - The service will initially undergo testing before a full launch in the US, with plans for a global rollout, and will include betting on commodity prices and major sports events [6] Company Developments - Devin Nunes, CEO of Trump Media, emphasized the goal of democratizing information and empowering users through the new prediction market [4] - Truth Predict will utilize Crypto.com Derivatives North America for enabling prediction wagers, strengthening the partnership between Trump Media and Crypto.com [5] - The relationship with Crypto.com is further highlighted by previous agreements, including the establishment of a crypto treasury company for holding the CRO token [5][7] Market Context - The announcement has impacted the stock performance of competitors in the prediction market space, such as DraftKings Inc. and Flutter Entertainment Plc, which saw declines in premarket trading following the news [5] - The growing appetite for betting on real-world events is reshaping the landscape of prediction markets, with new entrants and established firms exploring opportunities in this sector [3]

Partnership & Innovation - Truth Social 将成为全球首个提供预测市场的社交媒体平台 [1] - Truth Social 与一家公司建立了独家合作关系，以提供预测市场 [1]

Core Insights - Trump Media and Technology Group Corp. is expanding its offerings by integrating prediction markets into its social media platform, Truth Social, through a partnership with Crypto.com | Derivatives North America [1][4] - The new feature, "Truth Predict," will allow users to trade prediction contracts on various events, including political elections and commodity prices, with real-time price updates [2][3] Company Overview - Trump Media operates Truth Social, a platform aimed at providing a space for free expression, alongside Truth+, a streaming service, and Truth.Fi, a FinTech brand [16] - As of the end of Q2, Trump Media reported over $3 billion in financial assets and achieved its first quarter of positive operating cash flow since going public [3] Industry Context - Prediction markets are anticipated to become a multi-deca-billion dollar industry, with the integration of these markets into social media platforms seen as a significant innovation [4] - The collaboration between Trump Media and Crypto.com aims to democratize access to prediction markets, allowing users to engage in market sentiment discussions [4][6]

Group 1: Amazon Job Cuts - Amazon plans to cut up to 30,000 corporate jobs, representing about 10% of its professional workforce [8] - The layoffs are aimed at reducing expenses and addressing overhiring during the pandemic peak [8] - Affected divisions include human resources, devices and services, and operations [8] Group 2: Social Media Compliance in Australia - Meta, Snap, and TikTok will comply with Australia's social media ban for users under 16, effective December 10 [10] - The law requires platforms to take reasonable steps to block underage users or face fines up to A$49.5 million ($32.5 million) [10] - The platforms previously argued that the ban could push young users to less regulated areas of the internet [11] Group 3: Strategy's Credit Rating - S&P Global Ratings assigned Strategy a junk level 'B-' credit rating, marking the first rating for a bitcoin treasury company [11] - The rating reflects high bitcoin concentration, narrow business focus, weak risk-adjusted capitalization, and low U.S. dollar liquidity [12] - A rating upgrade is unlikely in the next 12 months but could occur if the company improves liquidity and access to capital markets [12]

Company Actions - Amazon plans to cut 30,000 corporate jobs, representing about 10% of its professional workforce, to lower expenses and address overhiring during the pandemic peak [8][9] - Affected divisions include human resources, devices and services, and operations [8] Regulatory Compliance - Meta, Snap, and TikTok will comply with Australia's social media ban for users under 16, effective December 10, with potential fines for non-compliance [10] - The platforms previously argued that the ban could push young users to less regulated areas of the internet [11] Credit Rating - Strategy received a junk level 'B-' credit rating from S&P Global Ratings, marking the first rating for a bitcoin treasury company [11] - The rating reflects high bitcoin concentration, narrow business focus, weak risk-adjusted capitalization, and low U.S. dollar liquidity, though the outlook remains stable [12]

In this articleMETAMark Zuckerberg, chief executive officer of Meta Platforms Inc., wears a pair of Meta Oakley Vanguard AI glasses during the Meta Connect event in Menlo Park, California, US, on Wednesday, Sept. 17, 2025.David Paul Morris | Bloomberg | Getty ImagesMeta's AI app has seen a major jolt in downloads since launching its Vibes feed of AI-generated videos, giving investors a glimpse of the company's artificial intelligence strategy ahead of Wednesday's third-quarter earnings.Since releasing Vibes ...