Plus500 Selected to Clear New CME–FanDuel Event-Based Prediction Markets
Plus500 has been appointed the clearing partner for CME Group and FanDuel’s newly launched event-based contracts platform, marking a notable expansion of the fintech group’s institutional clearing capabilities.
FanDuel Prediction Markets, structured as a non-clearing Futures Commission Merchant and joint venture between CME and FanDuel’s parent company Flutter Entertainment, will rely on Plus500 to provide brokerage-execution and clearing services.
The arrangement enables the platform to use Plus500’s institutional-grade systems to ensure secure, scalable access to clients trading the new event-driven instruments.
Plus500 said the partnership underscores its role as a market-infrastructure provider capable of supporting execution, settlement and risk-management processes for emerging trading formats.
The collaboration also strengthens the company’s push into the rapidly expanding market for regulated prediction products.
Chief executive David Zruia described the appointment as a “historic milestone”, adding that it reflects Plus500’s position as a trusted operator built on proprietary technology and “world-leading operational strengths”.
The company said it plans to apply the same infrastructure to future products as the global market for event-based trading evolves.
Plus500 noted that its technology architecture, regulatory expertise and clearing systems place it in a strong position to support other B2B clients, including institutional platforms seeking a reliable clearing partner.
The firm is aiming to build a broader presence in event-driven markets as interest in alternative trading formats continues to grow.
