PrizePicks has entered into a multi-year partnership with Polymarket to integrate event contracts into its product offering.

The deal will facilitate the purchase of event contracts via the daily fantasy sports (DFS) operator on its soon-to-launch prediction markets platform.

Through the partnership, PrizePicks will offer event contracts across sports, entertainment, and popular culture, all of which will be accessible via the PrizePicks app.

Polymarket said the deal “further strengthens its mission to make prediction markets accessible and trusted at a global scale” as it prepares to re-enter the US market.

PrizePicks CEO Mike Ybarra added: “As the number one daily fantasy sports operator in the US, PrizePicks is thrilled to partner with Polymarket, a trailblazer in the prediction space, to open up new experiences for our millions of existing members and introduce our platform to millions of new customers.

“By entering the US predictions market, PrizePicks will create greater competition, drive innovation, and deliver even more value directly to members.

“Together with Polymarket, we’ll continue to focus on product, innovation, and exceeding our customers’ expectations.”

PrizePicks received approval from the Commodity Futures Trading Commission (CFTC) in September, paving the way for its venture into the prediction markets vertical.

This followed on from Allwyn acquiring a 62% stake in the company for $1.6bn, leaving PrizePicks with a valuation of $2.5bn overall.

Shayne Coplan, founder and CEO of Polymarket, said: “PrizePicks has built one of the nation’s most exciting sports communities, and we are excited to help bring prediction markets into that world.

“As we prepare to return to the US, this partnership shows how prediction markets can enhance fandom while setting a new standard for interactive, regulated sports engagement.”

After receiving licences in Maine and Puerto Rico back in July, PrizePicks was also granted an interactive sports licence in New York last month, allowing for its return to the Empire State.

Last month, New York Stock Exchange owner Intercontinental Exchange (ICE) announced a $2bn strategic investment into Polymarket.

Polymarket was also named as one of the prediction market partners for the National Hockey League (NHL) in October, alongside Kalshi.

The company completed the acquisition of CFTC-licenced exchange QCEX earlier this year to help expedite its US market return.

Polymarket filed self-certifications with the CFTC last month relating to game winners, points spreads, and points totals as it prepares to offer sports event contracts in the US.

The post PrizePicks enters prediction markets space with Polymarket partnership  first appeared on EGR Intel.