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PrizePicks is shaking up fantasy sports again—this time by teaming with prediction market platform Polymarket to bring event-based trading to its app. The deal could redefine how fans engage with not just sports, but also entertainment, music, and even cultural moments.
Good to Know
Polymarket, one of the world’s largest trading exchanges, has been missing from the U.S. scene since 2022 due to regulatory hurdles. Its $112 million acquisition of QCEX in July changed that, securing access to a federally regulated exchange and clearinghouse. The move now allows Polymarket to operate under Commodity Futures Trading Commission oversight.
The global exchange—recently valued at more than $8 billion after a $2 billion investment from Intercontinental Exchange—plans to relaunch during football season. For users of both platforms, that means event contracts could soon appear directly inside the PrizePicks app.
Mike Ybarra, CEO of PrizePicks, 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. 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.”
PrizePicks already operates in more than 45 U.S. jurisdictions and has built a large peer-to-peer community based on player performance predictions. But with its latest partnership, the Atlanta-based company is broadening that experience.
After Allwyn—the European lottery group—acquired 62.3% of PrizePicks, Ybarra said the focus would grow beyond sports:
“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. We want to make sure we can give people entertainment in the broadest sense.”
The collaboration comes as other fantasy and trading operators move in the same direction. Rival platform Underdog has already integrated event contracts through a partnership with Crypto.com, showing a clear shift toward interactive prediction products.
Polymarket’s founder and CEO Shayne Coplan said:
“PrizePicks has built one of the nation’s most exciting sports communities, and we are excited to help bring prediction markets into that world. 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.”
A launch date has not been confirmed, but Polymarket expects its U.S. relaunch during football season.
Yes. PrizePicks is approved by the National Futures Association and registered as a Futures Commission Merchant under CFTC oversight.
Users will gain access to new types of event markets within the app—still under PrizePicks’ familiar, user-friendly interface.
While others have entered through crypto partnerships, PrizePicks’ alliance with Polymarket combines regulated event trading with its established fantasy sports community.