AI Summary
Sign in to listen

Allwyn completes acquisition of 62.3% stake in PrizePicks

Since the acquisition’s original announcement, PrizePicks has launched a prediction markets product in the US, following its registration as an FCM by the National Futures Association.

3 min read
Allwyn completes acquisition of 62.3% stake in PrizePicks
Key Points
Allwyn acquired the majority stake in PrizePicks for just over $1.53bn, as both operators plan to leverage its combined strengths to accelerate product innovation
PrizePicks has also partnered with Kalshi and Polymarket to extend its prediction market offering to over 30 states in the US

Allwyn International AG has completed its majority acquisition of PrizePicks for a closing consideration of $1.53bn, providing the organization with a 62.3% stake in the daily fantasy sports (DFS) operator. 

“We are excited to support and participate in the next phase of PrizePicks’ growth. This investment advances Allwyn’s strategy to build a diversified global entertainment platform and significantly strengthens our presence in the United States,” Allwyn CEO Robert Chvatal said. 

“I look forward to working closely with Mike and the talented PrizePicks team to deliver even more compelling experiences for fans around the world.”

Since announcing the acquisition in September 2025, PrizePicks has launched two prediction market offerings in the US, with Team Picks currently live in 30 states while Culture Picks has extended to 48 states across the country. 

Team Picks allows customers to make predictions on team-based outcomes rather than individual player performance, while Culture Picks lets customers predict outcomes on trending cultural and entertainment events.

“Today marks a defining moment for PrizePicks. Allwyn’s global scale, operational expertise, and long-term approach make them an ideal partner as we continue to grow and evolve,” PrizePicks CEO Mike Ybarra said. 

“Together, we will build on our strong momentum and deliver innovative products that deepen engagement with our growing community of players.”

PrizePicks Founder and Board Member Adam Wexler also spoke on the acquisition’s closing, having said, “From the beginning, we built PrizePicks by putting our community first and focusing on delivering an industry-leading member experience.

“As we looked ahead to the next phase of PrizePicks’ growth, it became clear that Allwyn shares our customer-first philosophy and our vision for the future of entertainment. I could not be more excited to collaborate with the Allwyn leadership team as PrizePicks continues to innovate in the world of sports and culture predictions.”

According to Allwyn, the DFS operator’s “scalable technology platform and unique approach to engagement” made it stand out as a “highly attractive long-term partner” of the company.

Good to know

PrizePicks appointed former Uber executive Nick Zabriskie as its new SVP of Public Affairs on December 2 to oversee national government affairs and advocacy efforts for the sports betting operator

Reaction Board

Set Global Gaming Insider to be your preferred search result

News Analysis

View All
Makeberry Affiliates Editorial

Makeberry Affiliates: Driving growth through stability

Oleksandr Kulyk, VP of Makeberry Partnerships, speaks to Global Gaming Insider about Makeberry Affiliates’ expanding portfolio, partner expectations and plans for SBC Summit and SiGMA Central Europe.

4 min read • • By Marieta Lezaic
Mariana Cavalcanti

Brazil: Why Mariana Cavalcanti's new role at the SPA is significant

Does the fact there is a new head of the SPA's sanctioning arm, arriving amid mounting political pressure in Brazil, prepare us for a stricter regime?

3 min read • • By Layla Victoria
Maxim C

How to build an iGaming portfolio around player demand

Vegangster CEO and Co-Founder Maxim Chertkov speaks with Global Gaming Insider about game portfolios, player preferences and the future of iGaming content.

5 min read • • By Marieta Lezaic

In The News

View All
World Cup
[ELEVATED IMPORTANCE]

Betting ads on Brazilian TV fall 34.5% after World Cup backlash

After facing public and regulatory criticism over aggressive advertising during the 2026 World Cup, betting operators significantly scaled back their TV ad spending.

· Marketing + 2