Key points to remember:
- High Roller Technologies (NYSE: ROLR) has signed a definitive agreement with Cryptocurrency.com to distribute event contracts regulated by the CFTC
- The agreement covers prediction markets in finance, sports and entertainment in the United States
- Third-party estimates project a mature U.S. prediction market could exceed $1 trillion per year trade volume
Online casino operators bet on regulated event contracts
As part of the agreement announced Monday, the event contracts of Cryptocurrency.com | Derivatives North America (CDNA), a designated contracts marketplace and derivatives clearing organization registered with the CFTC, will be distributed through High Roller’s client platform. High Roller plans to operate as a CFTC-registered introducing broker and establish a relationship with Cryptocurrency.com’s CFTC-registered futures commission merchant.
This agreement marks High Roller’s first step beyond traditional online casino operations. The Las Vegas-based company operates the High Roller and Fruta casino brands, offering more than 6,000 games from more than 90 providers. It is traded on the New York Stock Exchange under the symbol ROLR. High Roller shares more than doubled on Monday, rising from a previous close of $5.09 to a high of $11.74 before settling at around $8. volume of 55.4 million shares, more than 360 times the average daily trading volume.
Cryptocurrency.com co-founder and CEO Kris Marszalek said High Roller brings “a premium brand, strong online expertise and an established customer-facing platform” to the partnership. High Roller CEO Seth Young called the deal a “significant milestone,” adding that the company had been preparing its product and logistics “over the last few months.”
The agreement cites third-party estimates that the U.S. mature prediction market the opportunity could exceed $1 trillion in annual trading volume based on EKG analysis cited on NEXT.io. Monthly trading volumes on prediction platforms have already exceeded $21 billion, up from $1.2 billion at the start of 2025, according to TRM Labs data.
The partnership comes at a time of great legal uncertainty for the prediction market sector. A federal judge blocked Arizona from proceeding with the first criminal indictment of a prediction market operator on April 10, ruling that the CFTC is likely to succeed in its assertion that federal law preempts state gambling laws. But other courts have ruled against prediction market platforms, while a separate federal lawsuit by Kalshi against Montana was filed on April 12, extending the multi-state legal battle.
Cryptocurrency.com’s CDNA platform is one of several CFTC-registered exchanges vying for market share alongside Kalshi, which controls about 89% of the U.S. market share. prediction market according to a Bank of America report cited by Coindesk. Robinhood entered the industry last year through a partnership with Kalshi, but has selectively excluded certain types of contracts due to insider trading concerns.
High Roller said it intends to provide updates on product details, brand positioning, launch timeline and marketing partnerships in the coming weeks.
