Crypto.com to Offer U.S. Prediction Markets Through CDNA
Crypto.com signed an agreement with High Roller Technologies to route event-based prediction contracts for U.S. users through CDNA, a CFTC-registered exchange.
Crypto.com has signed a definitive agreement with High Roller Technologies to offer event-based prediction markets to U.S. users, routing the contracts through CDNA, a Commodity Futures Trading Commission-registered exchange. The companies announced the agreement on Tuesday and did not provide a launch date.
High Roller stated the pact allows Crypto.com to launch the new prediction market product for U.S.-based users via CDNA. High Roller’s shares more than doubled on the NYSE American, rising to $10.77 from $5.20 after the announcement.
High Roller Chief Executive Seth Young described the partnership as ‘a strong starting position in a market with meaningful long-term potential’ and expressed confidence in the firms’ ability to deliver.
The contracts will be offered on a CFTC-registered exchange, placing the offerings under federal commodities oversight rather than state gaming authorities. Operators and the CFTC have argued in court that federal commodities laws preempt state gaming restrictions, but legal challenges are ongoing in several states.
The agreement positions Crypto.com alongside platforms that already offer event contracts, such as Kalshi and Polymarket. Binance has added prediction-style features to its wallet app through Predict.fun.
Prediction markets allow participants to buy and sell contracts tied to the outcome of specific events; market prices indicate the probability the market assigns to each outcome. Supporters describe uses for price discovery and risk management, while some regulators treat parts of the activity as gambling.
Analysts at Bernstein estimate prediction markets could reach about $1 trillion by 2030. The firm projects the share of sports-based contracts on these platforms will fall from around 62% today to about 31% by 2030, with growth in markets tied to economics, business and political events and potential hedging demand from corporations and insurers.
Market participants and regulators will monitor how Crypto.com’s offering operates on CDNA as litigation and regulatory reviews continue.
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