ROLR, an actual 100x prediction market opportunity
Disclaimer: I did not use any AI/LLM models for my post, nor for my due diligence about this company. I currently hold 10400 shares at a $4.03 average. This is an extremely risky investment, some could even say that this is more like a gamble. It will probably either go 100x in 2 years or go bankrupt.
Hi guys! Today I will write about a possible 100x prediction market opportunity, a pennystock company with zero debt, $23 million cash on hand and a definitive agreement with crypto[dot]com. The name of the company is High Roller (ROLR) and they are trading on the NYSE.
How the heck is a nanocap (ok, they are at $61 million market cap, $11 million higher while writing this post) company has $23 million cash on hand and zero debt? Well, they raised this money from private investors/funds for $13.21 per share, while trading at $1.5-3 range. Yes. The big guys paid an 500-1000% premium to stock market prices, they are that sure this will go big.
These guys made a definitive agreement with Crypto[dot]com (yes, THAT crypto[dot]com) to launch a prediction market site in the United States. Yes, prediction market site, the same market that grows extremely fast where even the big, multibillion dollar companies have a 80-300% YoY revenue growth in this segment.
So, a lot of cash on hand, great agreements already, what are the risks?
- ROLR is not exactly a first mover, even though they are still an early bird. There are already a couple of players in this space, though most of them are private companies like Kalshi and Polymarket. These are multibillion dollar giants who could try to suffocate the small players like ROLR.
- This is an all or nothing play. ROLR basically ramped down their casino business for this which was also not that successful, so if this doesn't work out then they probably won't be able to pivot and will bleed money and go bankrupt in a couple of years.
- ROLR starts slow and steady, but that could be a drawback as much as an advantage. They aimed to launch Q1 this year but still haven't launched their site and they couldn't even give an exact launch date in their Q1 ER. There is a smaller player, namely SEGG (I recently made a post about them too and I am heavily invested in them) who are a much smaller company with much less cash on hand, but they might be able to launch faster simply because of their boldness. It might pay for them.
So yeah, right now ROLR is my third biggest individual investment (comes after SEGG). It is an extremely risky play, either 100x in a year or two or bankrupt, but my money is literally on that they will manage to break into this fastly growing and already huge (over $300 billion yearly volume, by 2030 the expected is over $1 trillion) prediction market.
Feel free to share your thoughts guys!