PrizePicks has entered into an agreement with Polymarket to integrate regulated event contracts into its prediction markets platform.
PrizePicks has entered into a multi-year agreement with Polymarket to integrate regulated event contracts into its forthcoming prediction markets platform.
The collaboration will allow users of the PrizePicks app to trade on outcomes spanning sports, entertainment, and cultural events, expanding the company’s footprint beyond daily fantasy sports.
The partnership represents a key step in Polymarket’s re-entry to the US market and reinforces its push to make prediction markets a mainstream product.
By combining PrizePicks’ large user base with Polymarket’s trading infrastructure, the two firms aim to broaden participation in event-based contracts under a regulated framework.
PrizePicks CEO Mike Ybarra said the integration would enhance the customer experience by introducing new ways to interact with live events.
He added that it will also strengthen the company’s presence in a rapidly evolving segment of the gaming industry.
Polymarket founder Shayne Coplan described the collaboration as evidence that prediction markets can coexist with established sports platforms in a compliant and engaging manner.
Coplan said: “As we prepare to return to the US, this partnership shows how prediction markets can enhance fandom while setting a new standard for interactive, regulated sports engagement.”
It is not yet clear when prediction markets will be made available through the partnership. Polymarket has been planning on making its US return for months, but so far has not re-entered the market.
Some reports suggest Polymarket intends to relaunch in the US by the end of November.
Polymarket makes a name for itself
Polymarket’s recent strategic investment commitment of up to $2bn from Intercontinental Exchange and the acquisition of QCEX have provided the infrastructure necessary for expansion in regulated markets.
PrizePicks has also advanced its regulatory standing by becoming the first fantasy sports operator registered as a Futures Commission Merchant with the National Futures Association.
That designation permits it to offer federally approved derivatives contracts through licensed exchanges such as Polymarket.
Earlier this year, the company received iCAP accreditation from the National Council on Problem Gambling, reflecting its adherence to responsible gaming standards.
The announcement coincides with Allwyn’s completion of a $1.5bn financing round to support its planned acquisition of PrizePicks.
The funding includes a seven-year Term Loan B facility of $1bn and a six-year Term Loan A facility of $500m, both ranking equally with Allwyn’s existing debt under its intercreditor arrangement.
Allwyn intends to use the proceeds, along with existing liquidity, to finance the purchase of roughly 62.3% of PrizePicks for an initial cash payment of $1.6bn.
The transaction, first announced in September, is expected to close in the first quarter of 2026 once all regulatory approvals are in place.