PrizePicks’ Prediction Markets Now Available in 48 States
PrizePicks has expanded its prediction market product to 48 states and is now offering sports event contracts in 30 of them, plus Washington, DC.
When it launched prediction markets through a partnership with Kalshi in November, PrizePicks was offered in 38 states, only 15 with sports event contracts.
The expansion includes California, where sports betting is not legal, and Florida, where the Seminoles own sports betting exclusivity.
Texas, where sports betting is also not legal, was part of the initial launch.
In November, PrizePicks launched Player Picks, Team Picks and Culture Picks. While Player Picks is akin to the DFS product the company is known for, Team Picks puts it more in line with sportsbooks.
Taking the prediction markets path, though, Team Picks offers what many gambling industry observers believe is no different from sports betting. In other words, picking a team to cover a spread or win a title.
Where are PrizePicks’ Sports Prediction Markets Offered?
According to the company’s website, Team Picks is available in these states: Alaska, Alabama, Arkansas, California, Florida, Georgia, Hawaii, Idaho, Iowa, Kansas, Minnesota, Missouri, Mississippi, Montana, Nebraska, New Hampshire, North Carolina, North Dakota, Oklahoma, Oregon, Rhode Island, South Carolina, South Dakota, Texas, Utah, Washington, West Virginia, and Wisconsin.
Some of those have legal sports betting, others do not. Leaning on the CFTC’s approval of prediction markets, PrizePicks is forging ahead.
The product is also available to U.S. residents 18 years or older. In most states with legal sports betting, 21 is the minimum age.
Allwyn Takes Ownership
Leaning on the CFTC’s approval, PrizePicks is forging ahead with prediction markets via partnerships with Kalshi and Polymarket, implementing event contracts directly into the PrizePicks mobile app.
The recent expansion coincides with Switzerland-based Allwyn International’s $1.6 billion acquisition of a 62.3% stake in PrizePicks, which was completed last week after the initial transaction announcement back in Sept. 2025.
“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. I look forward to working closely with Mike and the talented PrizePicks team to deliver even more compelling experiences for fans around the world,” said Robert Chvatal, Chief Executive Officer of Allwyn when the deal was finalized.
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