Shares in trading platform Plus500 (PLUS) surged to a new high on news it is expanding in the prediction market. The firm announced a new clearing deal allowing it to offer Kalshi Exchange products on its B2C platform.
| Share price: £45.25 (+6.6%) | PE: 17.3x |
| Market Cap: £3.1bn | Yield: 2.3% |
ALL-TIME HIGH
Shares in Plus500 gained 280p or 6.6% to a new all-time high of £45.25 on today’s news. The deal with Kalshi will enable US retail customers to bet on economic, political and financial events through swaps.
An event contract is a swap with a binary outcome of Yes or No. It pays out based on the occurrence or non-occurrence of a specific event which has a financial or economic consequence.
Prediction markets burst on the scene in the US in 2024 and Kalshi has been leading the charge. According to Reuters, trading in global prediction markets hit $47 billion last year.
Plus500 entered the market in December 2025 when it was appointed clearing partner for CME Group and FanDuel’s event-based contracts platform. Being a fintech, Plus500 can offer contracts on all kinds of products including crypto and commodities.
Prediction markets are attracting growing interest from both retail and institutional participants. They represent a transparent and fully regulated way for punters to express views on real-world outcomes.
Plus500 seems to be doing all the right things as far as investors and customers go. The move into prediction markets is absolutely in tune with the times and could prove to be a huge winner.
In contrast, traditional betting firms are struggling, with Flutter (FLTR) cutting its FY26 guidance and Evoke (EVOK) withholding guidance.
Read the press release here: https://investors.plus500.com/
Read related news here: https://sharesify.com/plus500-raises-revenue-and-profit-guidance/
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