US President Donald Trump was sued on August 12 in federal court in Manhattan over Truth API, the Truth Social feed that delivers his posts to paying subscribers for as much as $100,000 a month.<\/p>\n
Citizens for Responsibility and Ethics in Washington filed<\/a> the complaint alongside Yale Law School\u2019s Media Freedom and Information Access Clinic, the Public Integrity Project, and Altshuler Berzon LLP.<\/p>\n It calls the arrangement \u201cextraordinary, corrupt, and unconstitutional,\u201d argues that the First Amendment guarantees equal access to presidential announcements and that the Fifth Amendment bars charging unreasonable sums for them, and asks the court to stop the program.<\/p>\n Trump Media launched Truth API on August 1 as a business-to-business subscription carrying low-latency access to posts from the ten most-followed Truth Social accounts, among them @realDonaldTrump, @WhiteHouse, and Vice President JD Vance.\u00a0Access costs $100,000 per month, or $60,000 for customers who commit to three years.<\/p>\n More than ten customers have signed, interim Chief Executive Officer Kevin McGurn said in the company\u2019s second-quarter release. Direct buyers are primarily high-frequency trading firms that ingest the posts to inform algorithmic trading, McGurn told Axios in an interview. Trump Media filed with the SEC.<\/p>\n He said the company would also disrupt scrapers that collect the same posts for free.<\/p>\n \u201cWe\u2019re going to create a lot of friction for those folks that aren\u2019t coming to us directly,\u201d McGurn stated.<\/p>\n McGurn said during the earnings call that Trump Media is evaluating licensing the feed to prediction market operators and is weighing deals with large language model developers.<\/p>\n The complaint quotes those remarks back, describing the prediction market plan as one that would facilitate betting on the president\u2019s announcements.<\/p>\n Trump Media terminated<\/a> its Trump Media Group CRO Strategy venture with Crypto.com on August 7, and Cronos (CRO) fell under $0.05, its lowest price since October 2023.<\/p>\n Both companies now plan a marketing agreement putting Crypto.com\u2019s prediction markets in front of Truth Social users, replacing the embedded integration announced<\/a> in October 2025 that lifted CRO 10% in an hour.<\/p>\n McGurn said the sector is already crowded with established companies, and Intercontinental Exchange has committed<\/a> around $2 billion to Polymarket.<\/p>\n The post Trump Sued Over $100K Truth Social Feed as Trump Media Eyes Prediction Market Data Deals<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" US President Donald Trump was sued on August 12 in federal court in Manhattan over Truth API, the Truth Social feed that delivers his posts to paying subscribers for as much as $100,000 a month. Citizens for Responsibility and Ethics in Washington filed the complaint alongside Yale Law School\u2019s Media Freedom and Information Access Clinic, […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-212563","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/212563"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=212563"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/212563\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=212563"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=212563"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=212563"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Feed Costs $100,000 Monthly<\/h2>\n
Prediction Markets Replace Crypto.com Build<\/h2>\n