Overview
- PrizePicks announced a multi-year deal to integrate Polymarket event contracts into its app, offering markets on sports, entertainment and cultural events.
- PrizePicks is registered as a Futures Commission Merchant with the NFA, enabling customers to access CFTC‑permitted contracts through federally regulated exchanges such as Polymarket.
- Polymarket said it is preparing a regulated U.S. return after acquiring CFTC‑licensed exchange and clearinghouse QCEX and securing a strategic investment commitment of up to $2 billion from Intercontinental Exchange.
- Polymarket expanded distribution with an exclusive prediction‑market partnership for Yahoo Finance, and DraftKings’ CEO has said Polymarket is set to serve as the clearinghouse for DraftKings’ planned predictions product.
- The rollout faces a fraught legal backdrop, with multi‑state lawsuits challenging event‑contract offerings, reports that a federal shutdown could delay timelines, and academic research citing substantial wash trading on Polymarket in 2024–25.