PrizePicks has launched its new prediction markets offering with Kalshi’s event contracts now live in the PrizePicks app.
Through subsidiary Performance Predictions II, a federally-approved Futures Commission Merchant, PrizePicks customers are now able to make predictions on outcomes across sports, entertainment, and pop culture directly within the PrizePicks app through Kalshi’s extensive library of event contracts.
All event contracts listed on PrizePicks are Kalshi markets, as part of a new multi-year partnership.
“Expanding into prediction markets delivers on what our customers want, innovative products with more ways to play,” said Mike Ybarra, CEO of PrizePicks. “Together with Kalshi, we will welcome new customers across many states to the PrizePicks experience, and we couldn’t be more excited about the opportunity ahead in this fast-growing space.”
“As of today, people will be able to access Kalshi’s prediction markets within the PrizePicks app,” said Tarek Mansour, co-founder and CEO of Kalshi. “This is a game-changing moment, and we’re excited to be the first to fuel and supercharge the PrizePicks fan experience.”
Prediction Markets on PrizePicks gives customers the opportunity to make simple predictions by purchasing contracts on a wide variety of events in sports and culture on affiliated Designated Contract Markets.
At launch, PrizePicks will offer Team Picks and/or Culture Picks in 38 states and Washington DC.
Earlier this week, PrizePicks announced a multi-year partnership with Polymarket to facilitate the purchase of event contracts on its predictions markets offering.
PrizePicks was recently registered as a Futures Commission Merchant (FCM) by the National Futures Association (NFA), allowing PrizePicks to offer prediction markets in partnership with federally regulated Designated Contract Markets (DCM).