Plus500 (LON: PLUS) has entered the prediction market by becoming the clearing partner for CME and FanDuel’s new event-based contracts platform. This came only a month after the Chicago-based derivatives giant decided to partner with the online gaming company.

Announced today (Monday), the London-listed brokerage will provide brokerage execution and clearing services for FanDuel Prediction Markets.

“It reflects our capabilities as an accredited, trusted market infrastructure provider, built on proprietary technology, regulatory expertise, and a focus on institutional collaboration,” said David Zruia, Chief Executive Officer of Plus500, on the latest deal with the American giants.

“It also shows the strength of our operational processes and our status as a global multi-asset fintech group on the international stage.”

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Plus500 has also recently signed an exclusive agreement with Topstep, which will see the London-listed broker handle all clearing and technology infrastructure for the Chicago prop firm’s brokerage arm and its wider operations.

These two deals show Plus500’s strategy to become an infrastructure provider to two fast-growing and in-demand sectors within the retail trading industry.

Source: Finance Magnates