High Roller Technologies signed a binding letter of intent with Crypto.com Derivatives North America to launch event-based prediction markets in the United States, targeting a first-quarter 2026 launch.
The online casino operator will offer prediction market contracts through its HighRoller.com platform, with contracts covering sports, entertainment, and finance events.
Crypto.com Derivatives North America operates as a CFTC-registered exchange and clearinghouse, providing federal regulatory compliance for the partnership.
What Happened
High Roller will serve as an exclusive distribution channel for Crypto.com's prediction contracts, allowing users to trade on real-world event outcomes across multiple categories.
The agreement remains subject to definitive documentation including representations, warranties, and other standard contractual provisions, and the companies acknowledged no assurance exists that final agreements will be reached.
High Roller shares gained 17% Tuesday following the announcement, trading at $3.52 on the New York Stock Exchange.
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Why It Matters
Research firm Eilers & Krejcik Gaming projects U.S. prediction markets could reach $1 trillion in annual trading volume when fully mature, with sports-related contracts accounting for approximately $435 billion.
The sector generated approximately $10 billion in trading volume currently, according to Citizens Financial Group analysis, positioning it as an early-stage but rapidly scaling market.
Crypto.com holds CFTC-designated contract market and derivatives clearing organization registrations, distinguishing its prediction offerings from unregulated competitors by operating under federal derivatives frameworks rather than state-by-state gambling regulations.
The partnership marks High Roller's second major expansion announcement in a week, following a sports betting platform agreement with Altenar on January 8.
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