Investing.com -- High Roller Technologies, Inc. (NYSE:ROLR) stock surged 150% after announcing a strategic partnership with Crypto.com to enter the prediction markets space in the United States.
The Las Vegas-based online casino operator signed a binding Letter of Intent with Crypto.com | Derivatives North America (CDNA) to launch an event-based prediction markets product. The partnership will allow customers to trade event contracts across finance, entertainment, and sports markets through HighRoller.com.
Under the agreement, CDNA, a CFTC-registered exchange and clearinghouse affiliated with Crypto.com, will offer the event contracts. The companies are targeting a product launch in the first quarter of 2026, with Crypto.com serving as the exclusive provider of prediction contracts across High Roller’s distribution channels.
"We’re thrilled to bring High Roller to the USA through this strategic partnership with Crypto.com," said 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."
The partnership remains subject to the execution of definitive agreements with customary provisions. The prediction markets space is estimated to exceed $1 trillion in annual trading volume, according to information cited in the company’s announcement.
High Roller Technologies operates premium online casino brands including High Roller and Fruta.
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