PrizePicks

PrizePicks

Daily fantasy sports prediction platform

About

PrizePicks operates a daily fantasy sports platform where users can predict the performance of athletes in various sports. Users choose between 2 to 5 players and make predictions on whether each player will perform above or below a specific benchmark. The accuracy of these predictions determines the potential winnings, with users able to earn up to 10 times their entry fees. The platform is designed for sports enthusiasts in the United States and Canada, although some states have regulatory restrictions that limit participation. PrizePicks generates revenue through entry fees and offers real-money games, making it a popular option for fans who want to engage more deeply with sports. The company has been recognized with several awards, including the SBC Rising Star and Atlanta Top Workplace awards.

Company Stage

Seed

Employees

501-1,000

Industries

Fintech, Entertainment, Gaming

Total Funding

$2.2M

Headquarters

Atlanta, Georgia

Founded

2015


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Simplify's Take

What believers are saying

  • PrizePicks' new CMO, Mike Quigley, brings 30 years of marketing expertise to the company.
  • The launch of 'Streak' expands PrizePicks' offerings with a free-to-play contest.
  • PrizePicks' partnership with Kindbridge enhances its responsible gaming initiatives.

What critics are saying

  • Emerging DFS platforms with unique features could draw users away from PrizePicks.
  • Ambiguous DFS regulations in certain states may impact PrizePicks' market operations.
  • Increased scrutiny on DFS platforms could lead to operational challenges for PrizePicks.

What makes PrizePicks unique

  • PrizePicks offers the widest sports coverage among DFS operators in North America.
  • The platform focuses on over/under predictions, simplifying the DFS experience for users.
  • PrizePicks has strategic partnerships with major sports teams like the Atlanta Braves.

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Growth & Insights
Headcount

6 month growth

1%

1 year growth

0%

2 year growth

8%

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

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