Urgent.News

What's breaking now, across thousands of outlets.

Business

High Roller Technologies Inks Agreement with ProphetX to Expand Event Contracts Offering Through ROLR

High Roller Technologies Inks Agreement with ProphetX to Expand Event Contracts Offering Through ROLR

High Roller Technologies, Inc., a publicly traded online gaming and prediction markets company, has entered into a commercial agreement with ProphetX LLC to integrate ProphetX’s federally regulated prediction markets exchange into its ROLR-branded interface. The partnership aims to expand the range of markets available to ROLR customers, offering additional sports markets through ProphetX’s exchange while creating a revenue-sharing structure for High Roller.

Jake Benzaquen, Co-Founder and Chief Commercial Officer of ProphetX, expressed excitement about the collaboration, stating that ProphetX’s infrastructure enables partners to bring their event contracts directly into High Roller’s platform. The agreement allows ProphetX to handle the exchange and clearing functions, while High Roller leverages its brand, customer experience, and marketing capabilities to grow the business.

However, it is important to note that ROLR FCM LLC is not currently registered as a futures commission merchant with the CFTC or a member of the National Futures Association, and the integration is subject to obtaining all necessary registrations, approvals, and satisfying conditions. Access to event contracts will be governed by ProphetX’s rules and eligibility requirements, and may not be available to all persons or in all jurisdictions.

Trading event contracts carries substantial risk, including the potential loss of the entire amount committed to a position, and is not suitable for all participants.

Brief written by urgent.news from Investing.com's own syndicated text. Machine-written — may contain errors; check the original before relying on it.

Read the original at investing.com →

More in Business

More from Thursday 12 November →