High Roller signs LOI with Crypto.com affiliate for US prediction markets
Exclusive partnership targets Q1 launch of event-based contracts via a CFTC-regulated exchange.
High Roller Technologies said it has signed a binding letter of intent with an affiliate of Crypto.com to bring event-based prediction markets to the United States.
Under the proposed agreement, Crypto.com | Derivatives North America, a Commodity Futures Trading Commission-registered exchange and clearinghouse, would offer event contracts to customers through HighRoller.com. The company said the arrangement would be exclusive.
High Roller cautioned that the partnership remains subject to the execution of definitive agreements and that there is no assurance such agreements will be reached. The parties are targeting a product launch in the first quarter, according to the statement.
“We’re thrilled to bring High Roller to the USA through this strategic partnership with Crypto.com,” said Seth Young, chief executive officer of High Roller.
High Roller operates the online casino brands High Roller and Fruta and is listed on the New York Stock Exchange under the ticker ROLR. The company said its platform offers more than 6,000 premium games from over 90 game providers and is built around features including machine learning, direct application programming interface integrations, faster load times and scalable infrastructure.
If completed, the partnership would expand High Roller’s footprint into regulated event-based prediction markets while leveraging Crypto.com’s US derivatives infrastructure.
The Recap
- High Roller signs LOI with Crypto.com affiliate for prediction markets.
- Company said mature market could exceed $1 trillion annual trading volume.
- Parties target a product launch in Q1, subject to agreements.
