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Daily fantasy sports operator PrizePicks will soon end operations in Canada. The Atlanta based company confirmed that all DFS contests will stop as the business concentrates on growth across the United States.
Good to Know
PrizePicks informed Canadian customers about the change through email earlier in the week. The message described the decision as difficult and explained that operations would gradually wind down over the coming weeks. According to the notice sent to players, users will no longer be able to create new fantasy lineups or deposit funds after March 10. Remaining balances must be withdrawn before April 2, while all services in Canada will shut down the following day.
A spokesperson confirmed the decision in a statement provided to iGaming.org. “On March 3rd, PrizePicks announced its planned exit from the Canadian market,” the PrizePicks spokesperson said. “We are currently hyperfocused on our continued expansion across the U.S. and delivering the best product experience for our players.”
Customer emails also included a brief message of appreciation directed at Canadian users. “The PrizePicks team thanks you for playing.”
Before the decision, PrizePicks operated in nearly every Canadian province. Ontario represented the main exception because the province runs a licensed and regulated online gaming framework that requires operators to obtain approval through the local regulator. PrizePicks therefore offered daily fantasy contests throughout Canada outside Ontario, where regulations differ from the rest of the country.
Meanwhile, the company built a broad presence across the United States. PrizePicks products now reach players in all 50 states, although the format varies depending on local rules. Player pick style contests currently operate in 36 states, with New York joining that list recently. Those contests allow users to select athlete statistical outcomes across multiple sports rather than betting on traditional game results.
PrizePicks has also expanded into new product categories during the past year. The company introduced PrizePicks Predicts, a platform built through a partnership with federally regulated trading exchange Kalshi. The service allows users to trade contracts tied to sports, entertainment, and cultural outcomes, bringing prediction market style mechanics into the fantasy sports environment.
PrizePicks Predicts currently operates in 35 jurisdictions, including large states such as California, Texas, and Georgia where traditional sports betting remains unavailable. Interest in prediction markets has grown rapidly across the industry, particularly as companies search for new ways to offer event based trading in states that do not permit regulated sportsbooks.
The Canada exit arrives during a period of broader change within the fantasy sports sector. Rival operator Underdog recently announced layoffs affecting 125 employees as the company restructures and focuses more heavily on prediction market products.
PrizePicks has followed a similar path in recent months. During late 2025 the company expanded beyond its traditional prop style fantasy format by introducing contract based trading tied to sports, entertainment, and cultural events. Corporate ownership also shifted that year when lottery operator Allwyn acquired a majority stake in the company in September 2025.
Company leadership told iGaming.org at the time that expansion beyond sports products would follow the investment. PrizePicks currently holds a valuation exceeding $2 billion, and future growth plans increasingly center on the United States where daily fantasy sports, prediction markets, and sports wagering continue to evolve together.
PrizePicks will end all services in Canada on April 3.
Players must withdraw all account balances before April 2.
Deposits and new contest entries will no longer be allowed after March 10.
Company leadership said focus now centers on expansion across the United States market.
PrizePicks Predicts is a prediction market style platform created through a partnership with trading exchange Kalshi, allowing users to trade contracts tied to sports and cultural outcomes.