- High Roller Technologies has entered a binding Letter of Intent with Crypto.com to create an exclusive event-based prediction markets product in the USA.
- The new platform will allow users to trade event contracts across various markets, including finance, entertainment, and sports, through a user-friendly interface.
- The targeted product launch is set for Q1 2026, pending the execution of definitive agreements between the parties.
High Roller Technologies, a Las Vegas-based online gaming operator famous for its premium casino brands, has announced a partnership with Crypto.com that will launch it into the prediction markets space.
Proof of the exclusive partnership has come in the form of a Letter of Intent with Crypto.com, and it signifies plans to launch an event-based prediction markets product in the US.
According to official documents, the events contract is to be offered by CDNA, a CFTC-registered exchange and clearinghouse linked to Crypto.com, and will focus on the users of the High Roller platform.
Crypto.com and High Roller enter predictions
Crypto.com and High Roller’s partnership is expected to offer people the opportunity to speculate on event contracts across various markets, including finance, entertainment and even sports, and it will all happen via a legal, engaging and user-first platform.
“We’re thrilled to bring High Roller to the USA through this strategic partnership with Crypto.com,” commented Seth Young, Chief Executive Officer at High Roller. “Pairing the massive appeal of prediction markets with our strong distribution capabilities is an incredibly exciting opportunity, and we’re looking forward to introducing our premium experience to consumers across the country.”
Travis McGhee, Global Head of Predictions at Crypto.com has expressed excitement at the opportunity to break into the booming prediction markets space in the US, promising customers a safe and regulated platform where they can experience the full thrill of trading on outcomes.
High Roller’s stock has rallied since news broke
Since the announcement went public, High Roller’s stock ROLR has witnessed increased trading volume, with the price action showing rapid order flow even as liquidity expanded and volatility levels elevated, making it one of the strongest session performers.
The stock is currently trading close to $19 with a market cap of $160.52 million.
However, despite all the excitement, it is important to note that the deal has not been finalized yet, subject to the execution of definitive agreements between both parties.
Those agreements include customary representations, warranties, conditions, covenants and other provisions consistent with transactions of this nature. This means there can be no assurance that both companies will ultimately reach a conclusion, even though executives of both companies have spoken as though it is a done deal.
Assuming they finally put pen to paper on the deal, both parties are targeting the first quarter of this year for a product launch with Crypto.com slated as the exclusive provider of prediction contracts across High Roller’s entire distribution channels.
They plan to capitalize on the prediction market sector in the US, which has become one shaped by compliance and technological scale, thanks to US frameworks that now allow registered entities to offer event contracts as long as they do so within a defined context provided by regulatory authorities.
Since the industry has gotten a green light from regulation, experts are estimating that a mature US market could surpass $1 trillion in annual trading volume.
The daily volume of prediction markets reached an all-time high on January 12, surpassing $700 million. Of this, Kalshi dominated the market with a 66.4% total market share, contributing a record-breaking $466 million in single-day volume.
Polymarket and Opinion followed, each accounting for 14.3% of the total prediction market volume, translating to $100.04 million and $100 million, respectively. Predict Fun followed with a 2.6% share ($18.04 million), while Probable captured 2.0% ($13.90 million). SX Bet trailed the field, contributing just 0.3% of daily volume at $ 1.88 million.
