Gaming Firm Plaee Taps Crypto.com to Launch Prediction Markets in the US

Core Insights - Plaee has formed a strategic partnership with Crypto.com to develop a prediction market technology infrastructure compliant with CFTC standards [1] Group 1: Partnership Details - The collaboration will utilize Plaee's technology to onboard operators, including fintech platforms and traditional trading brokers, for federally regulated event-based trading in the US [2] - The integration will include Crypto.com's institutional liquidity and regulatory framework, enhancing Plaee's offerings [2][4] Group 2: Market Potential - The US prediction market sector is projected to reach $1 trillion in trading volume within a few months, indicating a growing demand for compliant and user-friendly technology platforms [3] - The current demand for such technology is at an all-time high (ATH) [3] Group 3: Technological Advancements - The partnership provides a "plug-and-play" API-first architecture, enabling operators to implement advanced prediction market technology within weeks, covering various sectors like sports, politics, and macroeconomics [4] - Trades executed through Plaee's technology will meet high regulatory compliance standards, addressing key challenges for operators such as regulatory complexity, liquidity, and time-to-market [5] Group 4: Recent Developments - Crypto.com has been actively securing partnerships, including a recent deal with Stripe to facilitate cryptocurrency payments in online shopping and another with High Roller Inc. for event-based prediction markets in the US [6] - The strategic rollout of these partnerships has led to significant stock price increases, such as a nearly 490% spike in ROLR stock [7]