We present time‐resolved optical spectroscopy of the dwarf nova CSS100603:112253−111037. Its optical spectrum is rich in helium, with broad, double‐peaked emission lines produced in an accretion disc. We measure a line flux ratio He i λ5876/Hα = 1.49 ± 0.04, a much higher ratio than is typically observed in dwarf novae. The orbital period, as derived from the radial velocity of the line wings, is 65.233 ± 0.015 min. In combination with the previously measured superhump period, this implies an extreme mass ratio of M2/M1 = 0.017 ± 0.004. The Hα and He i λ 6678 emission lines additionally have a narrow central spike, as is often seen in the spectra of AM CVn‐type stars. Comparing their properties with cataclysmic variables (CVs), AM CVn systems and hydrogen binaries below the CV period minimum, we argue that CSS100603:112253−111037 is the first compelling example of an AM CVn system forming via the evolved CV channel.
With the addition of this system, evolved CVs now account for 7 per cent of all known semidetached white dwarf binaries with Porb < 76 min. Two recently discovered binaries may further increase this figure. Although the selection bias of this sample is not yet well defined, these systems support the evolved CV model as a possible formation channel for ultracompact accreting binaries. The orbital periods of the three ultracompact hydrogen accreting binaries overlap with those of the long‐period AM CVn stars, but there are currently no known systems in the period range of 67–76 min.