High Roller Technologies partners with Crypto.com for prediction markets
High Roller Technologies Inc. (NYSE: ROLR) announced it has executed a definitive agreement with Crypto.com | Derivatives North America to launch event-based prediction markets in the United States.
Under the agreement, High Roller will offer CDNA's event contracts to customers across finance, sports and entertainment markets. High Roller plans to operate as a CFTC-registered Introducing Broker and establish a relationship with Crypto.com's CFTC-registered Futures Commission Merchant.
The partnership allows customers to trade event contracts through High Roller's platform, while CDNA serves as a CFTC-registered exchange and clearinghouse. High Roller operates online casino brands High Roller and Fruta.
"High Roller brings a premium brand, strong online expertise and an established customer-facing platform to this opportunity," said Kris Marszalek, Co-founder and CEO of Crypto.com. "Together, we believe we can expand access to regulated event contracts in the United States through a differentiated and highly scalable offering."
"We're thrilled to have reached a definitive agreement to enter the prediction markets space with Crypto.com," said Seth Young, Chief Executive Officer of High Roller Technologies. "We believe this partnership gives us a strong starting position in a market with meaningful long-term potential."
The company cited third-party estimates projecting that a mature U.S. market opportunity could exceed $1 trillion in annual trading volume. High Roller stated it plans to provide updates regarding product details, branding, launch timing and marketing partnerships.
The agreement establishes Crypto.com and its affiliates as providers of prediction contracts across High Roller's distribution channels in the United States and is expected to create new revenue streams for the company.
