With casino empire gone, Trump family bets on prediction markets [CNN]
Trump Media & Technology Group Corp. (DJT)
Company Research
Source: CNN
“Some people give up real easily,” Trump told the New York Times after a decisive 1993 defeat . “But I have never been one of those people.” More than three decades later and no longer in the casino business, the Trump family has found a new avenue to profit off sports wagering: prediction markets, a fast-growing industry where people can bet on almost anything. Trump Media and Technology Group, the largest source of the president's wealth since it went public in 2024 , has announced plans for its own prediction cryptocurrency-based platform called Truth Predict. And the president's oldest son, Donald Trump Jr., is an adviser to the two largest prediction market companies, Kalshi and Polymarket, and is an investor in the latter. Unlike Trump's first attempts to offer sports betting in New Jersey, when he needed help from hostile lawmakers and regulators, his own presidential administration and handpicked appointees are now writing the rules for the emerging prediction market in
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- Truth Social Stock Down 50% as One Investor Sells Off Nearly 800,000 Shares [Yahoo! Finance]Yahoo! Finance
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DJT
Sec Filings
- 3/6/26 - Form 8-K
- 3/4/26 - Form 4
- 3/4/26 - Form 4
- DJT's page on the SEC website