CDNA is quietly becoming the AWS of CFTC-regulated event contracts — OG launched in February, Fanatics already integrated, now High Roller as an introducing broker. Crypto.com isn't competing with Kalshi head-on; they're building the regulated backend and letting distribution partners fight over retail. ROLR ripping 130% on a partnership announcement with zero live product is peak "prediction markets are the new narrative" energy, but that Bernstein $1T-by-2030 estimate everyone keeps citing assumes US regulatory clarity that's still very much in flux.

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