This Small-Cap Stock Is Riding Crypto.com Into A $1 Trillion Opportunity

• After partnering with Crypto.com's derivatives arm, CDNA, High Roller stock rose 86% pre-market.
• The partnership enhances Crypto.com's prediction platform coverage with CDNA's regulated infrastructure in banking, sports, and entertainment.
• High Roller aims to access a $1 trillion annual trading volume market after regaining NYSE compliance.

High Roller Technologies (ROLR) stock skyrocketed after the firm signed a deal on Tuesday with Crypto.com's (CRO) derivatives arm, CDNA, to start event-based prediction markets in the U.S. 

ROLR stock was up around 86% in pre-market trade at the time of writing. On Stocktwits, retail sentiment around ROLR improved to ‘extremely bullish’ from the ‘neutral’ zone, while chatter levels rose to ‘extremely high’ from ‘low’ over the past day. 

Cronos’s price was up over 3% in the last 24 hours. On Stocktwits, retail sentiment around CRO dropped to ‘bearish’ from the ‘neutral’ zone, while chatter remained at normal levels over the past day. 

High Roller Expands Into Prediction Markets

The partnership will enable the casino operators, High Roller, and Fruta to offer regulated event contracts in finance, sports, and entertainment, a new area for the company as it grows quickly. CDNA, which is registered with the CFTC as an exchange and clearinghouse, will provide the basic infrastructure. Crypto.com launched its own prediction market platform, “OG,” earlier this year, and this partnership expands its distribution reach. 

Both companies' executives spoke about how important the deal was for their businesses' strategies. Kris Marszalek, the CEO of Crypto.com, said that High Roller's strong brand and customer-facing platform would help make regulated event contracts more widely available in the U.S. 

The expansion also follows High Roller's recent compliance goal. Earlier this month, the company said it was back in full compliance with NYSE American listing standards after correcting an issue with stockholders' equity. This removed its noncompliant status and made it more secure as it enters this new market. Eilers & Krejcik Gaming estimates that prediction markets could be worth $1 trillion, presenting a significant opportunity for long-term growth. 

Read also: GENIUS, BUTTCOIN, RAVE: Crypto Meme Tokens Rip Higher – But Analysts Say It’s ‘Structure-Triggered Volatility’

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