Online trading company Plus500 Ltd (LON:PLUS) announced today its appointment as a clearing partner for the CME and FanDuel’s new event-based contracts platform.

Plus500 will provide brokerage-execution and clearing services for FanDuel Prediction Markets, a non-clearing Futures Commission Merchant (FCM) and joint venture between CME Group and FanDuel (part of Flutter Entertainment plc).

This new clearing arrangement will enable Plus500 to leverage its robust, trusted, institutional-grade infrastructure to enable secure and scalable access for the FCM’s clients.

David Zruia, Chief Executive Officer of Plus500, commented:

“Being chosen to clear for this groundbreaking initiative is a historic milestone for Plus500. It reflects our capabilities as an accredited, trusted market infrastructure provider, built on proprietary technology, regulatory expertise, and a focus on institutional collaboration. It also demonstrates the superiority of our operational processes and status as a global multi-asset fintech group on the international stage. We are proud to work with the CME and FanDuel to broaden global market access for millions of new customers.”