Daily fantasy sports operator PrizePicks has announced it is partnering with Polymarket in a multi-year deal to offer the exchange’s prediction markets on its platform.
In an appearance on CNBC’s Squawk Box this morning, PrizePicks CEO Mike Ybarra said that the company would begin rolling out the prediction markets in the U.S. this week. That’s despite Polymarket still not being available in the U.S. Polymarket US is reportedly eyeing a late November launch. Front Office Sports reported yesterday that the government shutdown has likely played a part in delaying the prediction market platform’s U.S. re-launch.
The event contracts available to trade on PrizePicks will include “a wide range of sports, entertainment, and cultural moments,” according to a news release announcing the partnership.
“PrizePicks has built one of the nation’s most exciting sports communities, and we are excited to help bring prediction markets into that world,” Polymarket founder and CEO Shayne Coplan said in the release. “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 🤝 PrizePicks
We’re excited to announce a multi-year partnership to bring polymarkets to the #1 daily fantasy sports app. pic.twitter.com/6NvXDQnvE3
— Polymarket (@Polymarket) November 11, 2025
Deal allows PrizePicks to expand into states without DFS
PrizePicks announced in September that it had received approval as a Futures Commission Merchant (FCM) from the National Futures Association, which allows them to partner with an exchange approved by the Commodity Futures Trading Commission as a Designated Contract Market (DCM) to offer event contract trading in all 50 states. That announcement came the day after global gaming company Allwyn International AG purchased a majority stake in PrizePicks, raising the DFS operator’s valuation to $2.5 billion.
PrizePicks is available in some form in 44 states. The platform offers either real-money or free-to-play DFS contests in the various states, depending on each jurisdiction’s legal view.
Ybarra said the partnership sets “up new experiences for our millions of existing members and (will) introduce our platform to millions of new customers.” On Squawk Box he said the deal will help PrizePicks enter the six states where DFS isn’t permitted, bringing the prediction markets to Hawaii, Idaho, Montana, Nevada, Oregon, and Washington.
“This is about expanding the number of customers that we have for our product, but, also, it enables us to enter new states such as Washington and welcome millions of more people into the PrizePicks environment,” Ybarra said.
Partnerships provide access to new audiences, revenue streams
These types of partnerships give prediction exchanges access to a new digital audience that includes people who may not have heard of or engaged with prediction markets previously. That allows prediction market outlets to grow their trader bases and increase liquidity, while also providing the partnering platforms access to a new revenue stream.
The announcement of the Polymarket/PrizePicks partnership comes after a barrage of similar deals with non-finance platforms was announced by Crypto.com. It was recently announced that the cryptocurrency exchange’s DCM will facilitate prediction markets on a social media platform (Trump Media’s Truth Social), an entertainment news site (Hollywood.com), and a crypto sweepstakes casino (MyPrize).
In September, Underdog announced it would carry Crypto.com sports prediction markets in select states, making it the first DFS platform to enter the prediction market space. Unlike the FCM/DCM nature of the PrizePicks partnership, Crypto.com is serving as a tech partner to the platforms it has teamed up with.
Other sports gaming platforms are also getting in on the prediction market action. Top U.S. sportsbooks FanDuel and DraftKings are both slated to begin offering prediction markets in the coming months.
