High Roller Technologies announced a significant deal with Crypto.com to enter the U.S. prediction markets. The company's shares jumped over 100% on Tuesday, from approximately $5 to nearly $11, before settling near $6.38.
The agreement allows High Roller to launch an event-based prediction market offering, initially focused on finance, sports, and entertainment in the United States. This strategic move expands the company's reach beyond its existing online casino brands.
High Roller anticipates this partnership will unlock substantial growth, capitalizing on the increasing traction of regulated event contracts. Industry estimates suggest the U.S. prediction markets could eventually exceed $1 trillion in annual trading volume.
Crypto.com CEO Kris Marszalek and High Roller CEO Seth Young expressed confidence in expanding access to regulated event contracts through a scalable platform.