High Roller Launches Prediction Markets, Targeting Q4 Revenue Surge

High Roller Technologies (NYSE: ROLR) stock rallied Wednesday following the rollout of its U.S. prediction markets platform, which management expects to generate revenue in Q4.

Driven by trading volume that is already more than double its daily average, shares of High Roller Technologies (ROLR) rose over 13% following the long-awaited launch of its real-money prediction market platform. The platform is operated in partnership with Crypto.com | Derivatives North America (CDNA).

Following an invitation-only beta test that began Sept. 15, ROLR is now live for eligible U.S. users via desktop and mobile web browsers, with dedicated iOS and Android apps expected to follow subject to app store approvals.

High Roller Forecasts Q4 Prediction Market Revenue

High Roller, a Las Vegas-based iGaming operator that is transitioning to event contracts, said it expects ROLR to generate revenue in the current quarter, though it didn’t disclose a specific top-line forecast tied to the platform.

In the second quarter, High Roller reported a loss of 22 cents per share on revenue of $2.81 million. However, previous media acquisitions could provide built-in distribution to make ROLR additive to both top- and bottom-line growth over time.

“Together, management believes these relationships provide access to established digital audiences and multiple channels to build brand awareness and support customer acquisition,” according to the statement.

Crypto.com represents a natural partner for High Roller given its established presence in the U.S. event contracts space and existing ties to major industry players.

Regulatory and Tech Foundation

High Roller holds the requisite permitting and technology structure—including a futures commission merchant (FCM) framework—to execute its prediction market expansion.

“High Roller’s wholly owned subsidiary, ROLR US LLC, is a member of the National Futures Association and a registered guaranteed introducing broker operating under a guarantee agreement with OG Markets US, Inc., doing business as Crypto.com FCM. Customer accounts introduced through ROLR are carried by Crypto.com FCM; ROLR US LLC does not hold customer funds,” according to the statement.

OG Markets operates as Crypto.com’s in-house prediction market entity.