Polymarket partners with fantasy sports app PrizePicks ahead of US relaunch
Prediction market platform Polymarket is partnering with fantasy sports app PrizePicks to expand its offerings ahead of its U.S. relaunch.Summary
Prediction markets platform Polymarket announced a partnership with fantasy sports app PrizePicks to integrate Polymarket's event contracts, allowing PrizePicks users to wager on outcomes of various events, including cultural moments. This collaboration comes as Polymarket plans to relaunch in the U.S. later this month, following its acquisition of derivatives exchange QCX in July to facilitate this re-entry. PrizePicks CEO Mike Ybarra stated the partnership will expand their customer base and allow entry into new states like Washington. This move mirrors similar strategies in the growing U.S. prediction market space, as Polymarket is also set to serve as the designated clearinghouse for DraftKings' upcoming predictions market. PrizePicks emphasized a cautious approach, ensuring they curate available wagers to maintain fairness for participants.
(Source：The Block)