Crypto.com, High Roller to Offer U.S. Prediction Markets

Crypto.com and High Roller Technologies announced a definitive agreement on Monday to distribute CFTC‑regulated prediction market contracts to U.S. customers through High Roller’s platform.

The event contracts will be created by Crypto.com | Derivatives North America (CDNA), a CFTC‑registered designated contract market and derivatives clearing organization. High Roller plans to register as a CFTC Introducing Broker and to establish a relationship with Crypto.com’s CFTC‑registered Futures Commission Merchant for distribution and clearing. High Roller is based in Las Vegas and operates the High Roller and Fruta casino brands, offering more than 6,000 games from over 90 content providers.

The agreement covers prediction markets tied to financial events, sports outcomes and entertainment results. Third‑party estimates project a mature U.S. prediction market could exceed $1 trillion in annual trading volume. Data from market analytics firms show monthly trading volumes on prediction platforms climbed to more than $21 billion from about $1.2 billion in early 2025.

The partnership comes during a period of legal uncertainty for prediction markets. On April 10 a federal judge blocked Arizona from proceeding with a criminal arraignment of a prediction market operator, finding the Commodity Futures Trading Commission is likely to succeed on a preemption claim. Courts in other states have ruled against prediction market platforms, and a federal lawsuit filed on April 12 by an exchange extended litigation with state regulators.

CDNA is one of several CFTC‑registered exchanges competing in the U.S. market. A Bank of America report cited by market participants estimated one rival’s market share at roughly 89 percent. Major retail brokerages have entered the space through partnerships, and some have restricted certain contract types because of insider trading and regulatory concerns.

High Roller’s stock rose sharply on the announcement, moving from a prior close of $5.09 to an intraday high of $11.74 before settling near $8. Trading volume for the day reached 55.4 million shares, more than 360 times the stock’s average daily volume.

Kris Marszalek, Crypto.com’s co‑founder and chief executive, described High Roller as “a premium brand, strong online expertise and an established customer‑facing platform.” High Roller chief executive Seth Young called the agreement “a significant milestone” and added the company had prepared product and logistics “over the last few months.”

High Roller said it will provide further details in the coming weeks on product offerings, brand positioning, launch timing and marketing partnerships.