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Plus500 shares rise as launches US prediction markets platform

ALN

Plus500 Ltd on Tuesday announced the launch of a US prediction markets platform with a regulated business-to-consumer offering.

The Haifa, Israel-based contracts-for-difference trading platform operator said it entered into the US retail prediction markets segment with the launch of the platform which includes products from Kalshi Exchange, which Plus500 says is the first regulated event-based contracts exchange in the US.

The company said: ‘The introduction of prediction markets aligns with Plus500’s continued focus on technological innovation, customer-centric approach and product development. Leveraging the group’s proprietary technology, established clearing capabilities and advanced risk-management infrastructure, the new offering provides US retail customers with a transparent and accessible way to engage in event-based trading.

Plus500 added: ’Going forwards, Plus500’s scalable institutional infrastructure will support broader participation across the prediction markets ecosystem. Through the combination of B2C customer innovation and established business-to-business expertise, the group is well positioned to participate in future developments in this fast-growing segment within a disciplined and regulated framework.‘

Plus500 shares rose 7.9% to 4,584.00 pence each on Tuesday morning in London.

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