Plus500 adds Kalshi sports contracts as Ninth Circuit hears appeal
Plus500 Ltd. expanded its U.S. retail platform on June 29, 2026, to include CFTC-regulated Kalshi sports-event contracts for NFL, NBA, and MLB. The integration gives Plus500's U.S. traders access to regulated prediction markets through Kalshi's exchange infrastructure. The Ninth Circuit heard oral arguments on April 16, 2026, in Kalshi's sports-contracts case, which will determine the future of such products on the platform.
Plus500's integration makes Kalshi's sports contracts available to a broader retail pool just as the Ninth Circuit weighs whether those contracts survive at all. A ruling against Kalshi would force Plus500 to delist the product and strand its U.S. traders on a venue with no replacement offering.
The timing is particularly sharp because Kalshi is already defending its sports vertical on multiple fronts: state regulators in Michigan and Utah are pressing parallel challenges, and a Senate bill would ban sports event contracts entirely. For Plus500, the upside is first-mover access to regulated sports prediction markets; the downside is building a product line atop a legal foundation that may crumble before year-end. The platform's risk is Kalshi's risk multiplied across every distributor now white-labeling its contracts.