# PrizePicks

> PrizePicks is an Atlanta-based consumer sports entertainment company built around More or Less predictions on athlete statistics. Its products span paid daily fantasy contests, peer-to-peer competitions, free-to-play games and event contracts through PrizePicks Predict. Allwyn acquired a 62.3% majority stake in January 2026.

- **Founded:** 2015
- **Headquarters:** Atlanta, United States
- **Founders:** Adam Wexler (Co-founder; former CEO; board member), Jay Deuskar (Co-founder and CTO)
- **Products:** Player Picks / Pick’Em, Arena, Streak, PrizePicks Predict, Combined Team & Player Lineups
- **Notable:** Arena reported more than two million lineups built by over 100,000 players by April 22, 2024., Reported $339 million adjusted EBITDA for the 12 months through June 2025 in the acquisition announcement; this is not net income., Allwyn completed its 62.3% acquisition in January 2026.

## Products & services

- **Player Picks / Pick’Em** — Choose More or Less on athlete stat projections; standard player lineups contain two to six selections. Power and Flex structures offer different payout rules.
- **Arena** — Peer-to-peer fantasy competitions grouping players by factors including entry fee and experience; launched in five states in January 2024.
- **Streak** — Free-to-play fantasy contest launched in August 2024 around consecutive correct player predictions.
- **PrizePicks Predict** — Team and Culture event contracts offered through Performance Predictions II, LLC, a CFTC-registered futures commission merchant and NFA member; Kalshi integration launched November 2025.
- **Combined Team & Player Lineups** — September 2026 product announcement expanded combinations of athlete projections and game outcomes, alongside real-time box scores and play-by-play. Availability and rules vary.

## Achievements

- Arena reported more than two million lineups built by over 100,000 players by April 22, 2024.
- Reported $339 million adjusted EBITDA for the 12 months through June 2025 in the acquisition announcement; this is not net income.
- Allwyn completed its 62.3% acquisition in January 2026.
- Company about page lists Deloitte Technology Fast 500 rank 8 in 2024 and rank 33 in 2025.
- Company records Fantasy Sports Business of the Year recognition for 2021.

## Latest updates

- **2026-01** — Allwyn completed purchase of 62.3% for $1.533 billion closing consideration, excluding earnouts.
- **2026-02** — Launched peer-to-peer fantasy contests in New York after receiving an interactive fantasy sports license in October 2025.
- **2026-04** — Announced official daily fantasy partnership with the NBA.
- **2026-09** — Announced WNBA daily fantasy partnership and expanded football-season product features.
- **2026-10** — Announced multi-year Anthony Edwards brand partnership; newsroom dates the page October 6 while the body dateline says October 7.

## Links

- Website: https://www.prizepicks.com
- LinkedIn: https://www.linkedin.com/company/prize-picks/
- Twitter/X: https://twitter.com/PrizePicks
- GitHub: https://github.com/myprizepicks
- YouTube: https://www.youtube.com/@PrizePicks
- Instagram: https://www.instagram.com/prizepicks/
- Facebook: https://www.facebook.com/PrizePicks
- TikTok: https://www.tiktok.com/@prizepicks

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Profile page: https://yespress.io/prizepicks
Published by YesPress — https://yespress.io
Last updated: 2026-10-17