- PrizePicks and Polymarket announced a multi-year partnership on Nov. 11 to launch regulated event contracts in the United States.
- The collaboration leverages Polymarket’s regulatory infrastructure secured through its recent acquisition of the CFTC-licensed exchange QCEX.
- PrizePicks recently became the first fantasy sports operator to register as a Futures Commission Merchant with the National Futures Association.
Nov. 11 (Crypto-News.Net) – PrizePicks and Polymarket announced a multi-year partnership on Tuesday to integrate compliant prediction markets into the PrizePicks platform, signaling a major expansion for both companies into federally regulated event contracts.
The collaboration aims to combine PrizePicks’ distribution reach, the largest daily fantasy sports operator in North America, with Polymarket’s trading technology and data. The companies plan to launch the new prediction markets offering to US users in the upcoming months, focusing on federally regulated opportunities, according to the press release issued by PrizePicks.
PrizePicks has moved aggressively to establish the necessary regulatory framework for this expansion. The company recently registered as a Futures Commission Merchant (FCM) with the National Futures Association (NFA), becoming the first fantasy sports operator to secure this designation, Closing Line reported.
Regulatory Infrastructure and Compliance
The partnership relies heavily on Polymarket’s efforts to re-enter the US market through compliant channels. Polymarket acquired QCEX, a CFTC-licensed derivatives exchange and clearinghouse, for $112 million in July 2025, a strategic move intended to provide the necessary licenses for Polymarket’s US operations, according to a report by Blockworks.
This regulatory pivot follows a period of restriction for the prediction platform. Polymarket has blocked US users since January 2022, when it settled with the Commodity Futures Trading Commission (CFTC) that included a $1.4 million fine for operating an unregistered facility, The Atlantic reported.
In addition to federal compliance, PrizePicks is securing state-level approvals. The operator received an interactive fantasy sports license from the New York State Gaming Commission on Oct. 15, Yahoo Sports reported, and became the first in its sector to earn iCAP accreditation from the National Council on Problem Gambling in 2025.
Institutional Backing and Market Expansion
The prediction market sector has attracted significant capital from traditional financial institutions. Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, committed to a strategic investment of up to $2 billion in Polymarket in early October 2025.
The ICE Polymarket investment valued the platform at approximately $9 billion, according to Ventureburn. The integration of Polymarket’s technology into PrizePicks’ user interface represents a convergence of Decentralized Finance (DeFi) concepts with mainstream consumer apps. While Polymarket originated on the Polygon blockchain, the partnership focuses on delivering a seamless, regulated experience for US sports fans and traders.
