High Roller Advances US Prediction Markets Launch Amid Rapid Industry Growth
High Roller Technologies is advancing its plans to launch prediction markets in the US. The company reported its second-quarter results, which showed a net loss of $2.4 million and a cash balance of $18 million. High Roller has been working on building regulatory capabilities and technology to support its planned launch through Crypto.com's infrastructure.
The National Futures Association approved ROLR US LLC as a member and registered it as a Guaranteed Introducing Broker, a crucial step in the company's expansion plans. High Roller also introduced its consumer brand and launched the ROLR Free-To-Trade Prediction Challenge, an eight-week competition with over $100,000 in guaranteed cash prizes.
The prediction market category is growing rapidly, with forecasts pointing to a trillion-dollar annual trading-volume opportunity by 2030. Macquarie estimated that annual prediction-market trading volume could reach approximately $1.5 trillion by 2030, generating nearly $50 billion in annual industry revenue at an assumed net take rate of 3.25%.