Daily fantasy sports (DFS) site PrizePicks on Friday launched its prediction market platform using contracts from Kalshi, which was announced as a partner earlier in the day.
PrizePicks, which pivoted to peer-to-peer DFS this year amid heightened state-level distate for pick ’em style games, also has a partnership with the Polymarket prediction platform. That platform is expected to rejoin the United States market, regulated by the Commodity Futures Trading Commission, in 2026 after beginning beta testing this month.
In September, PrizePicks became the first fantasy sports operator to be registered by the National Futures Association as a Futures Commission Merchant (FCM). This allowed PrizePicks to partner with a Designated Contract Market (DCM) like Kalshi and Polymarket to sell its event contracts. A PrizePicks spokesperson told InGame that the company will use contracts from both sites.
“We are live with Kalshi as our DCM. We’re incredibly excited and proud of today’s launch, with Kalshi being a great long-term partner to PrizePicks,” the spokesperson said. “We also announced a partnership with Polymarket earlier this week and look forward to working with them as they resume operations in the U.S. As the only sports entertainment operator to have an FCM license, we feel well-positioned and look forward to working with multiple DCMs.”
PrizePicks’ DFS products are available in 39 U.S. jurisdictions, but the prediction games are currently offered in only 15 states.
“This is a game-changing moment,” Kalshi co-founder and CEO Tarek Mansour said in a release. “And we’re excited to be the first to fuel and supercharge the PrizePicks fan experience.”
