Overview
- The New York State Gaming Commission notified PrizePicks on Oct. 10 that it met operating requirements and the company announced on Oct. 15 it will relaunch in the coming weeks.
- PrizePicks will offer only peer-to-peer, skill-based fantasy contests that it says were built in collaboration with regulators to comply with state standards.
- The company ran paid contests in New York from June 2019 through December 2023 without a temporary permit and later ceased for-money play under a settlement.
- The nearly $15 million settlement was based on New York revenue from that period plus per-day penalties, and it did not bar a future license application.
- New York becomes the 16th jurisdiction to formally recognize PrizePicks’ contests as games of skill, and the company says it operates in more than 45 jurisdictions.