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Overview
PrizePicks runs a daily fantasy sports platform that lets users bet on how well athletes will perform. Users choose 2 to 5 players and decide if each will exceed or fall short of a set benchmark. If most predictions are correct, they can win up to 10 times their entry fee. The platform operates in the United States and Canada, though some states are restricted due to regulations, and it makes money from entry fees on real-money games. What sets PrizePicks apart is its focus on over/under predictions rather than traditional fantasy lineups, offering high multipliers and a straightforward betting style. The company aims to give sports fans an easy way to engage with games and monetize their athlete performance predictions.
About PrizePicks
Industries
Consumer Software
Financial Services
Gaming
Company Size
501-1,000
Company Stage
Seed
Total Funding
$2.3M
Headquarters
Atlanta, Georgia
Founded
2015
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Simplify's Take
What believers are saying
- Allwyn said Q2 2026 North America revenue reached €294 million, driven by PrizePicks.
- PrizePicks returned to New York in February 2026 after license approval and settlement.
- PrizePicks earned NCPG iCAP accreditation and expanded partnerships with Atlanta, baseball, and golf brands.
What critics are saying
- Illinois Gaming Board sent PrizePicks cease-and-desist notices in February 2026 over unlicensed wagering.
- CFTC or state courts can force PrizePicks prediction markets offline, erasing its fastest-growth product.
- Allwyn now controls PrizePicks; integration pressure can blunt speed, autonomy, and product experimentation.
What makes PrizePicks unique
- Allwyn closed its 62.3% PrizePicks stake on January 16, 2026, adding balance-sheet scale.
- PrizePicks launched regulated prediction markets in November 2025, extending reach to nearly every U.S. state.
- PrizePicks signed NBA, Hawks, and Bob Does Sports deals, blending DFS with media.
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Funding
Total Funding
$2.3M
Below
Industry Average
Funded Over
2 Rounds
Industry standards
Benefits
Health Insurance
Dental Insurance
Vision Insurance
401(k) Retirement Plan
401(k) Company Match
Unlimited Paid Time Off
Paid Sick Leave
Paid Holidays
Flexible Work Hours
Performance Bonus
Company Social Events
Growth & Insights and Company News
6 month growth
↓ -2%1 year growth
↑ 0%2 year growth
↑ 1%Allwyn reported 27% revenue growth to €1.2bn in Q2 2026, driven largely by its acquisition of daily fantasy sports platform PrizePicks, which contributed €231m in additional revenue. The company's EBITDA rose 29% to €458m, whilst profits after tax increased 35% to €239m. Sports betting and iGaming emerged as key growth drivers, benefiting from the FIFA World Cup. North American revenue jumped to €294m from €54m, almost entirely due to PrizePicks integration. Continental Europe remained Allwyn's largest market at €731m revenue, up 4%. However, lottery revenue declined 2% to €498m, despite Allwyn positioning itself as a lottery-led entertainment business. The company recently launched Powerball in the UK to boost lottery sales. Chief executive Robert Chvatal said results reflect "the strength of our strategy", with Allwyn expecting to close 2026 with net revenue growth in the mid-to-high 20% range.
Allwyn, the international gaming group from Karel Komárek's KKCG empire, has listed on the Athens Stock Exchange following its March merger with Greek firm OPAP. The combined entity, Allwyn AG, is now the world's second-largest publicly traded lottery and gaming group, with approximately 22% of shares in free float. The listing follows KKCG's long-term strategy of building an international lottery platform since acquiring Sazka in 2011. Allwyn now operates across Greece, Austria, Croatia, Italy, the UK and the US. Recent expansions include a $1.6 billion acquisition of 62% of PrizePicks in January and obtaining the UK National Lottery licence in 2022. In 2025, Allwyn reported preliminary net revenues of €4.1 billion, a 4% year-on-year increase, with adjusted EBITDA of €1.58 billion.
Lottery giant Allwyn has abandoned its planned acquisition of a 51% stake in Novibet following objections from the Hellenic Competition Commission. The transaction, valued at €217 million, was first announced in December 2024. Allwyn and Novibet owner Logflex MT Holding Limited terminated the deal after the HCC raised concerns about restricted competition in Greece's online gaming market. Allwyn already controls over 50% of the Greek market through its stake in OPAP, which operates the Pamestoixima and Stoixman brands. Objectors argued Allwyn was seeking to acquire the only competitor capable of competing on equal terms in Greece. Despite the setback, Allwyn continues expanding elsewhere, recently completing a $1.6 billion majority acquisition of PrizePicks in the US and advancing a merger with OPAP.
PrizePicks, a North American sports entertainment operator, has announced a multi-platform partnership with Bob Does Sports, the golf and lifestyle brand led by Robby Berger and boasting over 5.5 million followers. The deal marks Berger's return after being an early PrizePicks content partner from 2021 to 2023. PrizePicks will serve as exclusive fantasy sports partner across Bob Does Sports' ecosystem, including social media, podcasts and live events. Bob Does Sports' live-streamed golf challenges will appear on the PrizePicks platform, enabling fan engagement. The partnership will support original programming from Bob HQ, a new content hub opening in Jupiter, Florida. PrizePicks, which operates in over 45 US jurisdictions, recently became the first fantasy sports operator to receive iCAP accreditation from the National Council on Problem Gambling.
PrizePicks, a fantasy sports specialist, is partnering with Polymarket to integrate event contracts into its app, following a $1.5 billion acquisition by Allwyn. Allwyn has secured the necessary funding for the deal, viewing PrizePicks as a key asset for US expansion. The partnership with Polymarket, a cryptocurrency-based prediction platform, marks PrizePicks' entry into the US predictions market, aiming to enhance user experience and drive innovation.
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About PrizePicks
Industries
Consumer Software
Financial Services
Gaming
Company Size
501-1,000
Company Stage
Seed
Total Funding
$2.3M
Headquarters
Atlanta, Georgia
Founded
2015
PrizePicks is Hiring for 30 Jobs on Simplify!
Find jobs on Simplify and start your career today