Plus500 has reported its highest first-half revenues in three years, boosted by a booming prediction markets business.
The FTSE 250-listed trading platform moved into the fast-growing prediction markets sector in February. The sector allows clients to bet on the outcome of real-world events such as elections.
The group then launched its sports prediction markets offering at the end of June, just as the World Cup got into full swing. Plus500 hopes the sector will become a main growth driver.
Revenue and profit figures
Overall revenues rose 12 per cent to £343 million in the six months to June 30, marking Plus500's highest interim result for three years. Customer income hit a five-year high, up 24 per cent year-on-year.
Pre-tax profit growth edged up to £135.8 million, from £134.7 million a year earlier.
