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PrizePicks, Polymarket Announce Multi-Year Partnership

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Publish Date: Nov 11, 2025

Fact checked by: Sara Jane Gamelli

Atlanta-based PrizePicks announced Tuesday a multi-year partnership with Polymarket to facilitate the purchase of event contracts on the company's soon-to-launch predictions markets offering.

PrizePicks, who was granted a gaming license in New York last month, will incorporate Polymarket's event contracts - ranging from sports, entertainment, politics and more - giving fans a new, way to engage via the PrizePicks app.

"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," said Mike Ybarra, CEO of PrizePicks said in a news release. "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 back in the U.S.?

Polymarket is preparing for their re-entry into the U.S. marketplace any day now (reportedly sometime this month) after being barred from operating in the U.S. due to regulatory action by the Commodity Futures Trading Commission (CFTC) back in 2022. The CFTC charged Polymarket with offering unregistered off-exchange commodity options and swap transactions without proper registration as a designated contract market or swap execution facility, violating the Commodity Exchange Act.

Polymarket's recent milestones include a strategic investment of a whopping $2 billion from Intercontinental Exchange (ICE) and the acquisition of QCEX, a CFTC-licensed exchange and clearinghouse.

"PrizePicks has built one of the nation's most exciting sports communities, and we are excited to help bring prediction markets into that world," said Shayne Coplan, Founder and CEO of Polymarket. "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."

Recently, PrizePicks registered as a Futures Commission Merchant (FCM) by the National Futures Association (NFA) becoming first and only sports entertainment operator to do so thus far. This allows them to offer CFTC-permitted derivatives contracts through partnerships with federally regulated exchanges, ensuring their customers can engage in a safe, secure, and legally compliant environment.

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