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

High Roller Technologies Inc, an online gaming and prediction markets company, announced that its wholly owned subsidiary, ROLR FCM LLC, has entered into a definitive commercial agreement with ProphetX LLC to integrate access to ProphetX’s federally regulated prediction markets exchange through a ROLR-branded interface.

“Expanding the markets available through ROLR is an important part of building a platform that traders choose to engage with. Our agreement with ProphetX combines additional sports markets with a revenue-sharing structure that allows ROLR to earn a portion of net fees generated by traders accessing ProphetX’s exchange through our interface. We believe this creates an attractive opportunity to generate an additional revenue stream by building on the ROLR brand, customer experience and marketing capabilities as we grow the business,” said Seth Young, Chief Executive Officer of High Roller.

“ROLR is building a prediction markets business around its brand, customer experience and distribution capabilities. Our infrastructure gives partners a way to bring our event contracts directly into their products, while ProphetX handles the exchange and clearing functions. We look forward to working with High Roller to extend access to our markets through ROLR,” said Jake Benzaquen, Co-Founder and Chief Commercial Officer of ProphetX.

Agreement and Integration Highlights

• Expanded sports markets: The planned integration is intended to give eligible ROLR customers access to additional sports event contracts on ProphetX, whose markets cover outcomes such as game results, player performance and season-long championships. Participants trade with one another at prices determined by buying and selling activity.

• ROLR-branded experience: Eligible users would be able to view ProphetX market data, submit orders electronically for execution on ProphetX’s exchange, and access and manage their ProphetX trading accounts through a ROLR-branded interface.

• Regulated exchange infrastructure: ProphetX is registered with the Commodity Futures Trading Commission (CFTC) as both a designated contract market and a derivatives clearing organisation, providing the infrastructure for trading, clearing and settlement.

• Defined operating responsibilities: ROLR would manage branding, marketing, customer acquisition and interface distribution. ProphetX would maintain customer trading accounts and funds and handle onboarding, identity verification, trade execution, clearing, settlement and market surveillance. Trading would remain subject to ProphetX’s rules and eligibility requirements.

• Revenue participation: ROLR would receive a share of net fees generated by users accessing ProphetX through the ROLR-branded interface, creating an additional potential revenue source.

• Nonexclusive relationship: The agreement provides flexibility for ROLR to continue expanding its offering through connections to other exchanges, subject to the agreement’s terms.

• Timing and availability: The agreement provides for an effective date six months after ROLR FCM LLC receives registration as a futures commission merchant, unless the parties mutually agree otherwise. ROLR FCM LLC has not yet received such registration, and there can be no assurance as to whether or when it will be obtained. Commercial availability will depend on completion of the integration, operational readiness and satisfaction of applicable regulatory requirements. A launch date has not been announced.