Polymarket, the leading decentralized prediction markets platform, is making a bold reentry into the U.S. market through a new partnership with daily fantasy sports operator PrizePicks.
The collaboration brings event-based wagering directly into the PrizePicks app, letting users make predictions on sports, entertainment, and cultural outcomes.
The integration positions PrizePicks to offer CFTC-permitted derivatives, leveraging federally regulated exchanges, while Polymarket provides the underlying event contracts. The partnership promises transparent, decentralized market operations powered by the Polygon blockchain, eliminating the need for centralized intermediaries.
Expanding Regulated Access to Millions of Users
PrizePicks CEO Mike Ybarra said the collaboration will help expand the platform’s reach into new states and attract more users by offering fair, compliant, and engaging markets. This move taps into a growing appetite for prediction trading and aligns with regulatory standards.
Polymarket’s acquisition of QCX, a licensed derivatives exchange and clearinghouse, laid the foundation for this U.S. comeback.
While academic studies have flagged risks like wash trading in prediction markets, both companies are prioritizing compliance and oversight to ensure a safe environment for millions of fantasy sports players.
The partnership highlights how regulated decentralized finance can merge entertainment and finance, creating new ways for users to engage with real-world events while maintaining transparency and security.
