High Roller Technologies Inc., operator of the award-winning, premium online casino brands High Roller and Fruta, announced that it has executed a Definitive Agreement with Crypto.com | Derivatives North America (CDNA) to launch an event-based prediction markets offering, initially in the US. The Agreement will enable High Roller to offer CDNA’s event contracts in the US, creating a new strategic growth opportunity for the Company across finance, sports and entertainment and marking its entry into the rapidly emerging prediction markets sector.
Third-party estimates project that a mature U.S. market opportunity could exceed $1 trillion in annual trading volume,1 while international opportunities further expand the addressable market potential for High Roller.
“High Roller brings a premium brand, strong online expertise and an established customer-facing platform to this opportunity. Together, we believe we can expand access to regulated event contracts in the United States through a differentiated and highly scalable offering,” said Kris Marszalek, Co-founder and CEO of Crypto.com.
“We’re thrilled to have reached a definitive agreement to enter the prediction markets space with Crypto.com. Over the last few months, we have been working towards preparing our product and other logistics for this transformative opportunity and today marks a significant milestone in that journey. We believe this partnership gives us a strong starting position in a market with meaningful long-term potential, and we’re confident in our ability to deliver,” said Seth Young, Chief Executive Officer of High Roller Technologies.
Agreement Summary
Under the terms of the Agreement, event contracts offered by CDNA, a CFTC-registered exchange and clearinghouse and affiliate of Crypto.com, will be made available to customers through High Roller, which plans to operate a CFTC-registered Introducing Broker and establish a relationship with Crypto.com’s CFTC-registered Futures Commission Merchant. The Agreement establishes Crypto.com and its affiliates as providers of prediction contracts across High Roller’s distribution channels in the US and is expected to create new revenue streams for High Roller.
The partnership will offer customers the opportunity to trade event contracts across markets including finance, entertainment, and sports, through a legal, regulated, engaging, and user-friendly platform.
Following the successful execution of the Agreement, High Roller intends to provide updates regarding its product, brand, launch timing, and marketing partnerships.
The post High Roller Technologies Executes Definitive Agreement with Crypto.com to Enter Over $1 Trillion U.S. Prediction Markets Opportunity appeared first on Americas iGaming & Sports Betting News.
