Appointment of Thomas Scaria comes as High Roller agrees deal with DeepEther Labs’ B2B prediction markets platform mrkts.com
High Roller Technologies has appointed Thomas Scaria to the newly created role of chief product officer, ahead of the launch of its ROLR-branded prediction market platform.
Reporting to CEO Seth Young, Scaria will lead the company’s move into the prediction markets space in partnership with Crypto.com.
Scaria has more than a decade of experience spanning product development, financial services and digital assets, and most recently served as founder and CEO of Lore, a blockchain-based asset management platform.
“Thomas brings a rare combination of product leadership, financial markets expertise, technical understanding, and entrepreneurial experience that is highly relevant to the next phase of High Roller’s growth,” said Young. “As we advance toward the launch of the ROLR prediction markets platform domestically and internationally, disciplined product strategy and execution will be critical.
“The creation of the chief product officer position reflects that priority, and we are pleased to welcome Thomas to our leadership team.”
Commenting on his appointment, Scaria said: “I’m excited to join High Roller. Prediction markets are the expression of a market in its most primitive form: one clear real-world outcome you can take a view on. You don’t need to learn the underlying complexity associated with other derivatives like options, swaps and futures. The removal of that educational barrier is why prediction markets have exploded into mainstream culture.
“ROLR sits on established, federally regulated US derivatives infrastructure, and we’re focused on turning that foundation into novel consumer experiences that expand the category.”
High Roller also announced Thursday that it has agreed an exclusive platform licence and development services agreement with DeepEther Labs’ B2B prediction markets platform mrkts.com.
DeepEther Labs will provide High Roller with access to its proprietary platform and source code and will design, develop and deliver the customer-facing ROLR prediction markets application.
The agreement also enables mrkts.com to provide the technical integrations required to connect ROLR with Crypto.com, along with payment infrastructure and compliance functionality.
“This agreement strengthens our technology foundation and enhances our ability to scale,” said Young. “We are rapidly approaching the launch of our prediction markets product with a flexible consumer platform that we can control, enhance and expand over time.
“Mrkts.com brings a highly adaptable technology architecture and an experienced development team, and this agreement gives High Roller significant long-term rights to the underlying technology and ownership of the ROLR customer experience. We believe that combination strengthens our ability to execute on our prediction markets strategy and supports our aggressive growth plans.”
Mrkts.com co-founder and chief product officer Clyde Vassallo commented: “We built mrkts.com around the idea that ambitious operators should have flexibility and control over their technology rather than being constrained by a closed platform.
“High Roller’s vision for ROLR is a strong fit with that philosophy. We are excited to dedicate our technology and development capabilities to helping High Roller build a scalable, high-performance prediction markets experience and to provide the infrastructure that can support its strategy as the business develops.”
DeepEther Labs is the Malta-based technology company behind the Elantil iGaming platform.
Daniel Bradtke, Brandon Eachus, and Michael Cribari, who currently serve as directors on High Roller’s board of directors, own interests in DeepEther Labs.
Shares in High Roller Technologies Inc. (NYSE:ROLR) were trading 0.50 per cent lower at $5.77 per share in New York earlier Thursday.