On the same day that Allwyn Entertainment announced it was buying a majority stake in PrizePicks for $1.6bn, the Atlanta-based daily fantasy sports (DFS) operator received approval to be a futures commission merchant (FCM).
would need to partner with a designated contract market
The green light from the Commodity Futures Trading Commission (CFTC) was for the company’s Performance Predictions II LLC subsidiary and paves the way for the rollout of a nationwide predictions product. PrizePicks would need to partner with a designated contract market like Crypto.com or Kalshi to do so.
Underdog Sports was the first existing DFS operator to enter the predictions market after it struck a deal with Crypto.com earlier this month.
- SCCG Management. The Gambling Industry’s Global Connector. Access Here.
- Source: https://www.vegasslotsonline.com/news/2025/09/23/prizepicks-gets-cftc-approval-to-launch-prediction-markets/