“This is our primary focus, not an amenity as part of a larger product,” High Roller Technologies CEO Seth Young told Decrypt. “We are effectively the only pure-play prediction market operator in the public markets.”
“Our go-to-market is built on the federal regulatory framework,” said Young. “We will be operating through CFTC-regulated infrastructure.”
While the foundation of the firm’s offering will allow it to offer markets across the United States, Young said that his firm is keeping a close eye on the growing legal battle taking place between states and prediction market platforms.
“Everyone in this space is watching how the regulatory landscape develops,” he said. “We are paying attention to all regulatory and legal developments.”
Regardless of what happens, Young said his firm’s “architecture does not depend on any single state outcome.” Success, he says, “is introducing a strong compliant product,” in the near-term with longer-term focuses on “proving that a regulated, publicly accountable prediction markets platform can compete on user experience.”
“We are consumer-focused,” he said.
Shares in the firm are down more than 10% on Wednesday, but have jumped 80% in the last five trading days, recently changing hands at $6.63.
