High Roller Signs Prediction Market Deal with ProphetX

High Roller Technologies' wholly owned subsidiary ROLR FCM LLC has signed a commercial agreement with ProphetX. Under the agreement, access to ProphetX's federally regulated prediction market exchange will be provided through the ROLR-branded interface. Eligible ROLR customers will be able to trade additional sports event contracts, such as game outcomes, player performances and season-end championships.

ProphetX is registered with the U.S. Commodity Futures Trading Commission (CFTC) as both a designated contract market and a derivatives clearing organization. Under the agreement, ROLR will handle branding, marketing, customer acquisition and interface distribution. ProphetX will handle customer accounts and funds, identity verification, trade execution, clearing and market surveillance. High Roller will receive a share of the net fees collected from users who access ProphetX through the ROLR interface. The agreement is non-exclusive, meaning ROLR may also seek integrations with other exchanges.

The company said the subsidiary has not yet received futures commission merchant registration and that approval is not guaranteed. The agreement will take effect six months after that registration is obtained, unless the parties agree otherwise. Commercial rollout is also subject to completing the technical integration and meeting the relevant regulatory requirements. No launch date has been announced.