Plus500 Appointed as Clearing Partner for CME and FanDuel’s Prediction Market

Global fintech firm Plus500 has been appointed the clearing partner for the CME and FanDuel's new event-based contracts platform.

Under the agreement, Plus500 will provide brokerage, execution, and clearing services for FanDuel Prediction Markets, which will compete with the best prediction market apps upon launch. The latter is a Futures Commission Merchant (FCM) Flutter-owned FanDuel created through a joint venture with CME Group. The company said its role will support secure and scalable access for clients using the FCM's platform.

"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," said Plus500 CEO David Zruia.

The clearing mandate underscores Plus500's operational capacity as a market infrastructure provider, responsible for execution, settlement, and risk management for event-driven trading products. The company stated that the partnership aligns with the broader expansion of institutional-grade systems into emerging markets, enabling customers to trade on the outcomes of defined events.

It also positions Plus500 to extend its clearing services to future offerings as demand for such instruments accelerates.

Plus500 highlighted its proprietary technology stack, regulatory knowledge, and institutional systems as advantages in supporting both institutional and platform-based clients. The company stated that the collaboration demonstrates its ability to manage the clearing needs of new event-driven markets as they emerge globally.

FanDuel and DraftKings break with AGA

Plus500's new role emerges as prediction markets continue to drive strategic shifts across the gambling sector, contributing to internal divisions among major operators.

Last month, FanDuel and DraftKings ended their memberships with the American Gaming Association (AGA), saying the group's priorities no longer aligned with their direction as both companies deepen involvement in event-contract products.

The exits followed rapid growth among platforms such as Kalshi and Polymarket, which allow customers to trade on outcomes tied to news, politics, and entertainment, and are increasingly branching into sports. 

The AGA has opposed prediction markets offering sports-related contracts and is preparing a resolution that would bar companies operating such platforms from membership, according to people familiar with the matter.

FanDuel will offer its sports prediction trades only in jurisdictions where sports betting is not legal. A spokesperson said the company's evolving strategy was no longer aligned with the AGA's current priorities.

DraftKings, which recently acquired Railbird and its CFTC event-contracts license, said its move into prediction markets similarly diverged from the association's direction. The AGA, representing both commercial and tribal operators, said it had accepted both companies' decisions to relinquish their memberships.