Prediction market platform Trueo is migrating from Coinbase’s Base network to the Ethereum mainnet, a move endorsed by Ethereum co-founder Vitalik Buterin. Buterin praised the project for its commitment to decentralization and ethical design, calling it a “new prediction-market contender.” The shift comes as rival operators Kalshi and Polymarket face lawsuits over alleged unlicensed sports betting. Trueo’s native token, TRUE, surged over 699% in a day following Buterin’s public support, reaching around $0.15. The project plans to expand its dispute-resolution oracle and DeFi integrations on Ethereum, while existing Base markets will remain accessible until expiry.
Trueo announced on September 21 that it will move from Base to the Ethereum mainnet, stating that Base provided a useful environment for early experimentation when Ethereum gas costs were higher. The team now wants to build a platform that is “widely adopted, broadly integrated, fully permissionless, mostly immutable, and highly credible.”
Ethereum co-founder Vitalik Buterin welcomed the migration, praising the project for being “dedicated to decentralization, and being ethical and not corposlop.” He added that he was glad to see a team trying to do “interesting and meaningful things” with prediction markets.
Trueo believes Ethereum better fits its long-term goals because of network effects, global integrations, and philosophical alignment. The project’s immediate priorities after migration are attracting liquidity in major market categories and releasing the next generation of its oracle, which processes evidence from legitimate data sources to resolve disputes.
The TRUE token saw its market cap jump from roughly $1.7 million to over $12 million in hours after Buterin’s post. CoinGecko data shows it traded around $0.15, up 699% over the past day, though still nearly 50% below its all-time high of $0.26 from August 2025.
The migration announcement comes amid legal troubles for rivals. In August, Baltimore officials sued Kalshi and Polymarket over alleged unlicensed sports betting. Kalshi also faces a separate lawsuit from the New York attorney general over event contracts violating state gambling laws. Trader Machi Big Brother declared “Kalshi dead. Long live $TRUE.”
Trueo confirmed the migration will not interrupt trading on Base, and the TYD asset will continue accruing yield. Existing Base markets expiring after migration remain accessible via the official app. However, the team advised users not to create additional markets expiring after January 31, 2027, and instead to create them on Ethereum once its mainnet instance goes live.
