Crypto.com has partnered with High Roller Technologies to launch prediction market contracts in the United States. The agreement, announced Monday, will see High Roller distribute CFTC-regulated event contracts through its platform, marking its first venture beyond traditional casino operations. High Roller, listed on the NYSE under the ticker ROLR, saw its shares more than double intraday following the announcement.
The partnership aims to tap into the burgeoning U.S. prediction market, projected to exceed $1 trillion in annual trading volume. Despite legal challenges in the sector, Crypto.com and High Roller are moving forward with plans to offer contracts across finance, sports, and entertainment. High Roller will operate as a CFTC-registered Introducing Broker, leveraging Crypto.com's CFTC-registered Futures Commission Merchant status.
Crypto.com and High Roller Partner to Launch US Prediction Market Contracts
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