Crypto.com gets into Prediction Markets through High Roller tie-up
Cointelegraph
Crypto.com is entering the prediction markets by partnering with High Roller Technologies, aiming to challenge existing platforms.Summary
Crypto.com has entered the prediction markets by signing an agreement with online casino company High Roller Technologies. This move allows Crypto.com to launch an "event-based prediction markets offering" for US users, utilizing CDNA, a CFTC-registered exchange. This strategic entry aims to challenge established platforms like Kalshi and Polymarket in what is projected to be a $1 trillion market by 2030. High Roller's stock price surged following the announcement. Analysts at Bernstein predict a shift in prediction markets from sports bets to economics, business, and political contracts, with increased institutional and corporate hedging demand.
(Source：Cointelegraph)