Crypto.com signed a definitive agreement with High Roller Technologies to expand into the US prediction markets sector, according to a Tuesday notice.
The deal will allow High Roller to offer event contracts from Crypto.com | Derivatives North America, or CDNA, to users in the United States through its own customer channels.
CDNA is registered with the Commodity Futures Trading Commission as an exchange and clearinghouse. High Roller said the agreement opens a new business line tied to finance, sports, and entertainment contracts.
The company added that third-party estimates place a mature U.S. prediction market at more than $1 trillion in annual trading volume, while broader international expansion could increase that addressable market further.
Deal sets formal launch path
The new agreement moves the partnership beyond the earlier January announcement, when High Roller and Crypto.com said they had entered a binding strategic partnership aimed at the same market.
At that stage, the companies said they were targeting a U.S. launch, subject to definitive agreements and regulatory steps. The April agreement now gives that plan a formal structure.
Under the agreement, High Roller plans to operate a CFTC-registered introducing broker and build a relationship with Crypto.com’s registered futures commission merchant.
High Roller said this setup will let it distribute CDNA’s event contracts in the U.S. and create new revenue streams through its platform.
The company also said it will share future updates on product design, launch timing, branding, and marketing partnerships.
High Roller’s stock also jumped after the announcement, rising to $11 from $5, but traded at $7.41 at press time.
Crypto.com builds on its existing prediction market push
The High Roller agreement comes after Crypto.com launched “OG” in February as a standalone U.S. prediction markets platform. Crypto.com said OG gives users access to CFTC-regulated sports event contracts, along with contracts tied to finance, politics, culture, and entertainment.
The company also said the platform runs on CDNA’s regulated infrastructure and would seek to expand globally after its U.S. rollout. Additionally, Crypto.com said in February that its prediction market business had grown 40-fold on a weekly basis over the previous six months.
The company also appointed Chief Legal Officer Nick Lundgren as chief executive of OG and said its goal was to build a leading consumer platform around sports-focused event contracts. That background makes the High Roller deal part of a wider push rather than a one-off move.
Partnership centers on regulated offering
Crypto.com co-founder and chief executive Kris Marszalek said High Roller brings an established consumer platform and strong online operating experience to the partnership.
He said the two companies believe they can expand access to regulated event contracts in the United States through a scalable product.
High Roller chief executive Seth Young said the company had spent the past few months preparing its product and logistics for the launch.
High Roller said customers will be able to trade contracts across finance, entertainment, and sports through what it described as a legal and regulated platform.
“We believe this partnership gives us a strong starting position in a market with meaningful long-term potential, and we’re confident in our ability to deliver,” Young said, in the company’s statement.
The market grows as legal fights continue
The agreement arrives while prediction markets remain in a dispute over how federal and state rules should apply. On April 9, a federal judge temporarily blocked Arizona’s criminal case against Kalshi after the CFTC sued to stop states from regulating federally supervised prediction markets.
In addition, the federal government sued Arizona, Connecticut, and Illinois on April 2 over what it called unlawful state efforts to regulate these contracts under gambling laws. That legal fight has become part of the business case for exchanges that want to enter the sector through CFTC-regulated infrastructure.
Moreover, the federal government argued that state attempts to shut down event contracts offered by firms such as Kalshi, Polymarket, Crypto.com, and Robinhood violate the CFTC’s authority over national swaps markets.
That makes Crypto.com’s use of CDNA a central part of how it is positioning this business in the U.S.
Prediction market race heats up
Competition in prediction markets has grown as more firms try to build products around sports, politics, and financial events. Analysts at Bernstein said in a report published Tuesday that annual prediction market volume could reach $1 trillion by 2030.
They also said sports now act as the main entry point for users, but they expect sports contracts to fall to about 31% of total volume by 2030 from roughly 62% today as business, economic, and political contracts gain share.
That outlook helps explain why Crypto.com is expanding through more than one brand and more than one route to market.
OG gives the company a direct consumer platform, while the High Roller agreement adds a distribution partner with an existing gaming audience and online operating experience.