PrizePicks has been eyeing an entrance into the prediction market industry, and now the daily fantasy operator has a partner.
Key Takeaways
- PrizePicks will offer event contracts on sports, entertainment, and more when Polymarket relaunches in the U.S.
- No timeline was provided for when the PrizePicks app will offer prediction markets.
- PrizePicks already has federal approval to offer event contracts.
The Atlanta-based company announced a multi-year deal with global trading exchange Polymarket on Tuesday that will allow PrizePicks to offer “event contracts, spanning a wide range of sports, entertainment, and cultural moments” on its app once the prediction market platform relaunches in the U.S, the DFS operator said.
“As the No. 1 daily fantasy sports operator in the U.S., PrizePicks is thrilled to partner with Polymarket, a trailblazer in the prediction space, to open up new experiences for our millions of existing members and introduce our platform to millions of new customers,” said Mike Ybarra, CEO of PrizePicks. “By entering the U.S. predictions market, PrizePicks will create greater competition, drive innovation, and deliver even more value directly to members. Together with Polymarket, we'll continue to focus on product, innovation, and exceeding our customers’ expectations.”
Polymarket 🤝 PrizePicks
— Polymarket (@Polymarket) November 11, 2025
We’re excited to announce a multi-year partnership to bring polymarkets to the #1 daily fantasy sports app. pic.twitter.com/6NvXDQnvE3
In September, PrizePicks received approval from the National Futures Association and is registered with the Futures Commission Merchant, a first for a sports entertainment platform. This allows PrizePicks to offer event contracts legally and regulated by the Commodity Futures Trading Commission.
Underdog, one of PrizePicks’ top competitors, has already integrated event contracts into its products through a partnership with Crypto.com.
Returning to the U.S.
Polymarket, one of the world’s largest trading exchanges, hasn’t operated in the U.S. since 2022 because of regulatory issues. However, Polymarket acquired federally regulated derivatives exchange and clearinghouse QCEX for $112 million in July, giving the trading exchange access to the U.S. market again.
Polymarket, which was recently valued at more than $8 billion after receiving a $2 billion investment from Intercontinental Exchange, has said it plans to relaunch in the U.S. during football season, but the global exchange has yet to begin offering event contracts in the states.
A launch date for Polymarket event contracts to appear on PrizePicks’ app was not revealed on Tuesday.
“PrizePicks has built one of the nation's most exciting sports communities, and we are excited to help bring prediction markets into that world,” said Shayne Coplan, founder and CEO of Polymarket. “As we prepare to return to the U.S., this partnership shows how prediction markets can enhance fandom while setting a new standard for interactive, regulated sports engagement.”
Transforming focus
PrizePicks has grown quickly since being founded in 2015 and is currently operating in more than 45 U.S. jurisdictions, offering peer-to-peer fantasy contests that use real player stats in competitions.
After lottery operator Allwyn acquired 62.3% of PrizePicks in September, increasing the valuation of the company to more than $2 billion, the DFS operator told Covers that it was setting its sights on becoming more than a sports platform.
“While sports will always be our highest priority, the idea of cultural events, music, movies, streamer boxing matches, and all these things that drive a lot of excitement,” Ybarra said. “We want to make sure we can give people entertainment in the broadest sense.”
PrizePicks has had a busy fall with product enhancements, like “The Feed” and the Early Exit feature. The company acquired a DFS license to operate in the lucrative New York market last month.
