High Roller stock surges on Crypto.com partnership news

High Roller’s stock soared 130% after announcing a U.S. event prediction market partnership with Crypto.com, targeting finance, sports, and entertainment contracts.

High Roller Technologies has partnered with Crypto.com to launch a U.S.-based event prediction market. This new platform will offer event contracts spanning finance, sports, and entertainment through Crypto.com Derivatives North America (CDNA), a CFTC-registered exchange and clearinghouse. Following the announcement, High Roller’s stock surged by as much as 130% before closing 65% higher at $8.32. Crypto.com’s CRO token also saw a 3% increase. The collaboration is positioned to challenge established platforms in a sector projected to reach $1 trillion in trading volume and $10 billion in revenue by 2030. Company representatives highlighted their focus on regulatory compliance and operational readiness. The partnership is expected to generate new revenue streams for High Roller, though no specific launch date for the market has been revealed.