Trump Media & Technology Group faces investor scrutiny as Truth API and investor relations move shape its funding and leadership.
Minnesota has enacted a state ban on prediction markets, criminalizing creation, operation or advertising of such markets starting Aug. 1. The move has triggered a federal lawsuit from the CFTC, which argues the state oversteps its authority and undermines federal regulation. The ban centers on markets tied to sports, elections, and other future events, with penalties up to five years in prison and fines for operators.
Trump Media & Technology has unveiled Truth API, a paid low‑latency feed that will deliver real‑time posts from the platform’s top 10 accounts from Aug. 1. Executives discussed charging institutional customers up to $100,000 a month (or $60,000 on three‑year deals). Lawmakers, regulators and market participants have warned it will let traders profit from presidential posts and raise conflict‑of‑interest and market‑manipulation concerns.
Truth API has launched as a paid, licensed data service offering real-time access to Truth Social posts from Trump and other influential accounts. Intermediaries may include trading firms, with prices reportedly up to $100,000 a month. Democratic senators have urged SEC scrutiny, citing potential insider trading and market manipulation concerns. The service aims to monetize assets through a high-margin recurring revenue stream.