High Roller Technologies, Inc. (AMEX:ROLR) shares are rocketing on Wednesday after the company inked a binding Letter of Intent with Crypto.com | Derivatives North America (CDNA) for an exclusive U.S. partnership to launch an event-based prediction markets product.
Details
Through the partnership, CDNA, a CFTC-registered exchange and clearinghouse, will offer event contracts on HighRoller.com, allowing users to trade across finance, entertainment, and sports markets on a legal, engaging, and user-friendly platform.
The partnership is subject to the execution of definitive agreements, which are expected to include customary terms and conditions.
If completed, the parties aim to launch the product in the first quarter of 2026, with Crypto.com serving as the exclusive provider of prediction contracts across High Roller’s distribution channels.
The companies target a mature market estimated to exceed $1 trillion in annual trading volume.
Seth Young, Chief Executive Officer at High Roller, added, “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.”
Sports Betting Expansion Deal & Investment
Last week, High Roller penned a non-binding letter of intent with Altenar Software Limited to expand its sports betting operations.
Under the proposed agreement, Altenar would provide High Roller with a fully managed B2B sports betting software platform for use across High Roller’s licensed sports betting websites.
Also, Saratoga Casino Holdings, which operates casino properties in New York, Pennsylvania, Colorado, and Mississippi, showed confidence in High Roller and invested $1.0 million in the company.
ROLR Price Action: High Roller Technologies shares were up 334.38% at $15.29 at the time of publication on Wednesday. The stock is trading at a new 52-week high, according to Benzinga Pro data.
Photo: Shutterstock
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