High Roller Technologies Approved by NFA
High Roller Technologies announced that its wholly owned subsidiary, ROLR US, has been approved as a member of the National Futures Association, or NFA, and registered as an introducing broker under a guarantee agreement with OG Markets US, Inc., doing business as Crypto.com FCM. Crypto.com FCM will carry customer accounts introduced through the ROLR platform and provide related transaction-processing, custody and regulatory infrastructure. ROLR US will not hold customer funds. ROLR customers are expected to gain access to event contracts offered by Crypto.com Derivatives North America, or CDNA, across categories such as sports, finance, entertainment and other real-world events. CDNA will serve as the exclusive provider of prediction contracts through High Roller's U.S. platform during the initial 24 months of the collaboration agreement. High Roller expects to participate economically through a revenue-sharing arrangement tied to customer activity conducted through the ROLR platform. "This approval completes one of the key regulatory steps in the development of our U.S. prediction markets business and moves us significantly closer to launching the ROLR platform," said Seth Young, CEO of High Roller Technologies. "Becoming an NFA Member and registered introducing broker reflects the substantial work completed by our team and our partners to build the compliance, technology and operating infrastructure required to participate in the federally regulated U.S. derivatives market. Our partnership with Crypto.com provides ROLR with access to established exchange, clearing and futures commission merchant infrastructure, while allowing High Roller to focus on delivering a differentiated consumer experience, building the ROLR brand and executing our customer-acquisition strategy. With this regulatory milestone completed, we are now focused on the final integration, testing and operational elements ahead of our target launch date."