PrizePicks has formally entered the regulated prediction market space, unveiling a new offering that enables customers to make event-based predictions across sports, entertainment, and cultural moments within the company’s existing app. The expansion is made possible through Performance Predictions II, LLC, the operator’s federally approved Futures Commission Merchant, and supported by a newly signed multi-year partnership with Kalshi, the world’s largest prediction market.
Integrated Prediction Products Across Multiple Categories
The launch introduces PrizePicks users to Kalshi’s event-contract ecosystem, which is now fully accessible from within the PrizePicks platform. Customers can submit predictions on outcomes tied to sports games, award shows, season expectations, trending news, and broader cultural developments. All contracts featured in the app originate directly from Kalshi’s regulated exchange, giving PrizePicks a compliant pathway to offer prediction markets in 38 states and Washington, D.C.
“Expanding into prediction markets delivers on what our customers want, innovative products with more ways to play,” said Mike Ybarra, CEO of PrizePicks, in the company’s press release. He added that working with Kalshi will allow the company to “welcome new customers across many states to the PrizePicks experience.”
PrizePicks now offers two core prediction products at launch. Team Picks provide fans with the ability to evaluate game winners, match results, fight outcomes, and season-long milestones, functioning as straightforward event predictions rather than fantasy lineups. Culture Picks extend the platform’s reach beyond sports, covering subjects ranging from entertainment results to industry awards and other measurable pop-culture outcomes. Contracts on political and public-event topics are also included, reflecting a category aligned with what the company describes as widespread consumer interest in discussions already happening across social and digital platforms.
PrizePicks’ new offering is anchored in its designation as a registered Futures Commission Merchant, a status it received in September. This distinction enables the company to partner with Designated Contract Markets such as Kalshi and Polymarket. PrizePicks has confirmed that it will use contracts from both platforms and plans to incorporate Polymarket once it reenters the U.S. market under CFTC regulation in 2026.
“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,” a company spokesperson said. The spokesperson also reiterated the operator’s intention to work with Polymarket as that platform resumes U.S. activity.
PrizePicks’ daily fantasy sports products reach 39 jurisdictions across the country, while the freshly introduced prediction markets are currently available in 15 states with variations based on local restrictions. Kalshi co-founder and CEO Tarek Mansour described the partnership as pivotal, stating, “As of today, people will be able to access Kalshi’s prediction markets within the PrizePicks app,” calling the integration “a game-changing moment.”
Meeting Demand for New Ways to Participate
According to the company, the rollout responds to shifting consumer behavior, particularly interest in outcome-based predictions that sit between fantasy contests and traditional sports wagering. By combining a federally regulated contract system with its established user base, PrizePicks positions itself to offer a hybrid model emphasizing flexibility and legal clarity.
Kalshi views the collaboration as a catalyst for broader public adoption of regulated event contracts. The companies emphasize that the blend of technology, audience reach, and market oversight supports a growing trend where prediction markets serve as tools for measuring public expectations around major events.
