Overview
- A definitive agreement announced Tuesday between High Roller and Crypto.com Derivatives North America sets up U.S. trading in event-based contracts.
- The structure routes trading through CDNA, a CFTC-registered exchange and clearinghouse, with High Roller planning to act as an introducing broker via Crypto.com’s registered futures commission merchant to navigate ongoing state gaming challenges.
- The companies said customers will be able to trade on outcomes across finance, sports and entertainment once launched, with product, brand and timing updates still to come.
- High Roller’s shares jumped as much as 130% after the news Tuesday and later gave back part of those gains in subsequent trading.
- Rising interest from big platforms, including Binance’s recent Predict.fun integration, and third-party estimates of a U.S. market that could exceed $1 trillion in annual volume point to rapid expansion of prediction markets by 2030.