PrizePicks has announced a multi-year partnership with Polymarket that will let the US based sports entertainment company offer event contracts through Polymarket’s upcoming prediction platform. According to both companies, the integration will give PrizePicks users access to markets on sports, entertainment and cultural events right inside the PrizePicks app.
The deal comes as Polymarket gets ready for what it has called its expected return to the US market. That return is now uncertain, with reports saying it could be delayed because of technical issues linked to a possible federal government shutdown.
The relaunch would put Polymarket back into a regulatory landscape that has become more tense in recent months. Other companies offering event based contracts, including Kalshi and Robinhood, are facing lawsuits in several states claiming they are essentially offering unlicensed sports betting, a characterization that prediction market operators reject.
Polymarket and PrizePicks partnership ‘will create greater competition’
PrizePicks CEO Mike Ybarra said the partnership is meant to expand what the company can offer. “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,” Ybarra said.
“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 founder and CEO Shayne Coplan described the partnership as a move toward making prediction markets more mainstream in the United States. “PrizePicks has built one of the nation’s most exciting sports communities, and we are excited to help bring prediction markets into that world,” Coplan said.
“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.”
Polymarket has brought in as much as $2 billion in investment from Intercontinental Exchange and has bought QCEX, a CFTC licensed exchange and clearinghouse. The company has said these moves are part of its push to align with US regulatory expectations. PrizePicks, for its part, recently became the first sports entertainment operator to register as a Futures Commission Merchant with the National Futures Association, which lets it offer CFTC approved derivatives through federally regulated exchanges.
Both companies say their partnership will let customers use event contract products within a regulated framework, something that has drawn growing interest from state and federal officials. PrizePicks also pointed to its ongoing compliance work, including its 2025 iCAP accreditation from the National Council on Problem Gambling, which it says makes it the first fantasy sports operator to receive that certification.
Featured image: PrizePicks / Polymarket
