TLDR Truth Social has dramatically scaled back its prediction market plans, reducing Truth Predict to a marketing collaboration with Crypto.com’s OG.com platform ForecastEx, owned by Interactive Brokers, quietly dropped sports contracts from its platform in early March 2026 Over 40 companies have launched or plan to launch prediction markets, but experts say most will fail Industry analysts compare the coming consolidation to early social media or the post-PASPA sportsbook shakeout Developers are increasingly building tools for Kalshi and Polymarket instead of competing against them
The prediction market industry is heading toward a major shakeout, with early signs of consolidation already appearing as companies scale back or exit the space.
Truth Social’s prediction market, Truth Predict, has been dramatically reduced in scope. Trump Media & Technology Group originally announced plans in October to launch a full prediction exchange through a partnership with Crypto.com. The platform was supposed to cover elections, economic indicators, commodity prices, and sports.
That vision has shrunk. In its latest quarterly SEC filing, the company said Truth Predict will now primarily involve marketing and promotion work with OG.com, a prediction market product Crypto.com announced in February 2026.
The original plans called for a much more ambitious product. What remains is far from the full-featured exchange that was first described.
Separately, ForecastEx has pulled back from sports event contracts. The platform, which operates as a DCM and DCO under Interactive Brokers, stopped offering sports markets more than two months ago.
ForecastEx Sports Exit Went Quietly
The last sports contracts on ForecastEx were for NBA games on March 3. The platform saw its biggest sports trading day on February 13, when three NBA games generated 13 million contracts. That volume came almost entirely from Robinhood users.
According to prediction market analyst Adhi Rajaprabhakaran, that February night was