Crypto.com Partners With NYSE-Listed Casino Operator High Roller to Launch US Prediction Market Contracts
Crypto.com is partnering with High Roller Technologies to launch prediction market contracts in the US, aiming for a share of a potentially trillion-dollar market.Summary
Crypto.com has entered into a definitive agreement with NYSE-listed High Roller Technologies to introduce prediction market contracts in the United States. This collaboration will leverage High Roller’s platform to distribute contracts regulated by the CFTC, covering finance, sports, and entertainment. Third-party estimates suggest the US prediction market could reach over $1 trillion in annual trading volume. High Roller’s stock experienced a significant surge following the announcement, reflecting investor enthusiasm. Crypto.com CEO Kris Marszalek highlighted High Roller’s established customer base and online expertise. The partnership occurs amidst ongoing legal challenges surrounding prediction markets, with varying court rulings on their legality. Crypto.com’s platform competes with Kalshi, which currently dominates the US market, and Robinhood, which entered the sector through a Kalshi partnership.
(Source：Bitcoin News)