PrizePicks Gains Approval to Offer Fantasy Sports in New York
PrizePicks Enters New York’s Fantasy Sports Market
PrizePicks, a prominent name in the world of sports entertainment, has officially received authorization to operate daily fantasy sports within New York. This development follows the company’s recent interest in branching out into prediction markets.
Official Licensing and Compliance with New York Regulations
The New York State Gaming Commission granted PrizePicks an interactive fantasy sports license, enabling the launch of its peer-to-peer daily fantasy sports platform in the state. This milestone marks New York as the sixteenth jurisdiction to recognize PrizePicks’ contests as skill-based games under its fantasy sports regulations.
The company reached a legal agreement with the gaming commission earlier in 2024 and worked closely with state regulators to ensure its offerings meet all of New York’s strict gaming standards.
New York State Senator Joseph Addabbo, a longtime advocate for the gaming industry, welcomed PrizePicks’ arrival, emphasizing the state’s commitment to fostering innovation in daily fantasy sports while maintaining player safety and regulatory compliance.
Excitement About Entering a Market of Enthusiastic Sports Fans
PrizePicks executives expressed enthusiasm about expanding into New York’s vibrant market, known for its passionate sports audience. CEO Mike Ybarra highlighted how the platform aims to enhance the fan experience on game days and beyond.
“New York boasts some of the nation’s most devoted sports fans, and we are excited to bring PrizePicks back to this market. Our goal is to provide an engaging and entertaining experience that deepens fans’ connection to the games.”
Mike Ybarra, CEO, PrizePicks
Jason Barclay, PrizePicks’ head of public policy and chief legal officer, also expressed appreciation for the cooperation with the New York State Gaming Commission, emphasizing the role of clear regulations in fostering innovation.
“Our team worked hard to create a game that aligns with the Commission’s high standards. New York’s approval highlights that fantasy sports can thrive within a well-defined regulatory environment.”
Jason Barclay, Head of Public Policy and Chief Legal Officer, PrizePicks
Commitment to Responsible Gaming
PrizePicks reaffirmed its dedication to promoting responsible gambling. This commitment is exemplified by the company’s recent achievement of the iCAP accreditation from the National Council on Problem Gambling, recognizing its responsible gaming initiatives.
