PrizePicks Partners with Polymarket for Licensed Event Trading

PrizePicks, a leading fantasy sports operator in North America, has joined forces with Polymarket, a prediction market platform that is growing fast. 

PrizePicks Users Gain Access to Federally Regulated Prediction Markets Through Polymarket Deal

This team-up is a big move toward regulated prediction trading in the US. People who use the PrizePicks app will now be able to access event contracts that are regulated. These contracts cover sports, entertainment, and cultural topics. This partnership brings together fantasy gaming and real-world prediction markets.

The deal, made public on November 11, comes as both firms boost their regulatory standing. PrizePicks became the first fantasy sports operator to register as a Futures Commission Merchant (FCM) with the National Futures Association. This allows it to offer CFTC–approved derivatives through licensed exchanges. Polymarket, which has been growing fast worldwide, is coming back to the US after buying QCEX, a regulated exchange and clearinghouse, earlier this year.

PrizePicks CEO Mike Ybarra says the team-up will help the company expand its products and draw new users by adding a more interactive experience. He points out that this move will encourage more competition and new ideas across the growing prediction market field.

Polymarket’s founder and CEO, Shayne Coplan, highlighted that the partnership would bring prediction markets to one of the country’s most dedicated sports fan bases. He stated the team-up shows how forecasting based on markets can boost fan involvement and add credibility to an industry that is operated on the fringes of financial and gaming rules for a long time.

Polymarket and PrizePicks Partnership Signals the Mainstream Rise of Regulated Prediction Trading

Polymarket has caught people’s eye because of how fast it has grown and its special setup that allows users to trade contracts based on real-world results. In 2025, the amount traded on the platform went over billions of dollars worldwide, helped by a $2 billion key investment from Intercontinental Exchange, which owns the New York Stock Exchange. The company says it is setting itself up to be a crucial part of event-based trading in the future. Word is, they are also working with other big names in the industry, like DraftKings, to provide clearing and market support.

PrizePicks has seen big changes this year. In September European lottery company Allwyn bought most of PrizePicks, valuing the Atlanta company at $2.5 billion. PrizePicks has also gotten new state licenses, including in New York, growing its reach across the country.

People who watch the industry think the team-up between PrizePicks and Polymarket is a big deal for prediction markets in the US. It shows these markets are moving from unclear betting to normal, government-controlled participation. Both companies stress following rules and being open so their work together could show how trading and sports entertainment might mix in the future.