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Stock impact report

Online Casino Operator's Stock Surges on Crypto.com Prediction Market Deal [Yahoo! Finance]

High Roller Technologies, Inc. (ROLR) 
Company Research Source: Yahoo! Finance
into an agreement with Crypto.com Derivatives North America (CDNA) to create a prediction markets offering. The firm considers the move a “strategic growth opportunity,” in a sector that Bernstein analysts said this week could grow to generate $1 trillion in annual trading volumes by 2030. “This is our primary focus, not an amenity as part of a larger product,” High Roller Technologies CEO Seth Young told Decrypt. “We are effectively the only pure-play prediction market operator in the public markets.” The firm's agreement with CDNA will allow it to offer event contracts across sports, finance, and entertainment to users throughout the U.S. via the Crypto.com affiliates' CFTC-registered exchange and clearinghouse. “Our go-to-market is built on the federal regulatory framework,” said Young. “We will be operating through CFTC-regulated infrastructure.” While the foundation of the firm's offering will allow it to offer markets across the United States, Young said that his firm Show less Read more
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