PrizePicks has announced a new strategic collaboration with Polymarket which will see the latter's events contracts merged onto the operator's platform in the US market.
As per this new deal, PrizePicks players will have access to prediction markets listed on Polymarket via the PrizePicks platform, as Polymarket looks to bolster its US outreach - simultaneously diversifying the daily fantasy sports operator's offerings.
Indeed, this latest update comes at a pivotal time for both organizations, as Polymarket has also been given the regulatory green light to re-enter the US market at any given time, with official relaunch now seemingly imminent. For PrizePicks, this announcement comes within days of news relating to the advancement of its $1.6bn Allwyn takeover - with the Czech entity having recently completed its financing for the acquisition.
Commenting on this latest deal, PrizePicks CEO Mike Ybarra, said: "As the No. 1 daily fantasy sports operator in the US, 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.
"By entering the US 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."
For Polymarket, this latest deal also follows an additional US-based collaboration which saw the prediction market operator become one of two official prediction market partners of the NHL last month, alongside Kalshi.
Also speaking on the PrizePicks integration, Polymarket Founder and CEO, Shayne Coplan, stated: "PrizePicks has built one of the nation's most exciting sports communities, and we are excited to help bring prediction markets into that world. 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."
Related prediction market news from last week saw DraftKings CEO Jason Robins specify an enhanced investment focus on the sports events contracts space during 2026 as part of the operator's Q3 investors call.
In early October, Polymarket secured a $2bn investment from Intercontinental Exchange - owner of the NYSE - bringing its valuation up to $9bn
