PrizePicks Partners with Kalshi to Bring Prediction Markets to More Users
PrizePicks Partners with Kalshi to Expand Prediction Market Access
PrizePicks has recently formed a significant partnership with Kalshi, a leader in the prediction markets industry. This collaboration enables Kalshi to offer event contracts through PrizePicks’ platform, broadening the availability of prediction markets to users across the United States.
Enhancing User Experience with Diverse Prediction Options
With this new alliance, PrizePicks aims to tap into the growing interest in prediction markets, providing its users the ability to make forecasts on a wide range of events, including sports outcomes, political developments, and entertainment happenings. The app now features Kalshi’s event contracts in 38 states plus Washington D.C., including special products like Team Picks and Culture Picks.
Team Picks focus on sports-related predictions, covering immediate results such as game winners as well as longer-term events like tournament winners and championship outcomes. This is particularly valuable in 15 states where regulated sports betting is not yet available, offering fans an alternative method to engage with their favorite sports.
Culture Picks expands the range of prediction opportunities beyond sports, enabling users to forecast events like award shows, film premieres, and political events, marking a significant broadening of PrizePicks’ traditional sports-centered offerings.
Bridging Fantasy Sports and Prediction Markets
This collaboration not only diversifies PrizePicks’ portfolio beyond fantasy sports but also benefits Kalshi by introducing its markets to a wider audience. The partnership merges the fantasy sports community with prediction markets enthusiasts, creating new crossover opportunities for players interested in both types of gaming experiences.
PrizePicks Expands Into New York
In addition to its growth in prediction markets, PrizePicks recently obtained a license to operate its fantasy sports products in New York. This move opens up access to one of the country’s most passionate sports markets. The company has committed to adhering to the state’s stringent regulatory requirements, ensuring that its offerings remain safe and enjoyable for users.
