PrizePicks Entering Prediction Markets with Polymarket Partnership
PrizePicks and Polymarket are teaming as much as launch a brand new prediction markets platform.
The information follows an announcement by PrizePicks in September that its Performance Predictions II subsidiary has secured registration as a Futures Commission Merchant (FCM) by the National Futures Association (NFA), permitting the DFS operator to facilitate trades on futures contracts provided CFTC-regulated Designated Contract Markets.
The partnership will see Polymarket’s occasion contracts built-in onto PrizePicks app. The choices will transcend sports activities, based on the press release, which additionally mentions “leisure and cultural moments”.
The launch should await Polymarket’s US re-entry, however that appears imminent, particularly with the top of the federal government shutdown in sight.
“As Polymarket prepares for its anticipated re-entry into the U.S. market,” the press launch says, “this collaboration additional strengthens its mission to make prediction markets accessible and trusted at a world scale.”
Partnerships Expanding Quickly Across the US
The PrizePicks/Polymarket tie-up is the newest in a lengthening listing of offers as sports activities betting firms search a slice of the prediction markets pie.
Underdog, a serious competitor of PrizePicks within the fantasy choose ‘em area, companions with Crypto.com to supply sports activities occasion contracts in 16 states.
Last week, DraftKings, contemporary off its acquisition of CFTC-approved Railbird Exchange, unveiled plans to launch a prediction markets platform that can embody sports activities occasion contracts.
FanDuel, in the meantime, is teaming up with CME Group, however each companions keep they want the best regulatory surroundings to maneuver ahead with sports activities occasion contracts.
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