Summary
- Crypto.com is seeking to launch a prediction market in the US in partnership with online casino operator High Roller Technologies.
- The service will offer event contracts across areas including finance, sports and entertainment, and will target US customers.
- The partnership aligns with the broader expansion of the crypto-based derivatives market, with the regulatory environment and launch timing emerging as key variables.
Forecast Trend Report by Period
Crypto.com is seeking to launch a prediction market in the US in partnership with an online casino operator, in a move that reflects broader growth in event-based derivatives.
Crypto.com plans to introduce the service with High Roller Technologies, CoinDesk reported on April 14.
The platform will offer event contracts across areas including finance, sports and entertainment. It is aimed at US customers.
The service is expected to be offered through CDNA, Crypto.com's North American derivatives subsidiary. A specific launch timeline has not been disclosed.
The partnership comes as prediction markets and crypto-based derivatives continue to expand. The regulatory environment and the timing of the launch are likely to be key variables.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
