PrizePicks Taps Polymarket to Bring Prediction Markets to Fantasy Sports
Partnership Brings Event Trading to Fantasy Sports Users
PrizePicks, one of North America’s largegest daily fantasy sports operators, is teaming up with Polymarket to offer prediction-market trading inside its app — a step that could broaden its business beyond fantasy contests. The companies announced Tuesday that users will be able to make event-based predictions on sports, entertainment and current affairs directly through the PrizePicks platform.
Polymarket founder and CEO Shayne Coplan said the collaboration could bring millions of PrizePicks players into the onchain prediction ecosystem, a niche that blends speculative trading with event forecasting. Both firms said the rollout will align with Polymarket’s return to the U.S. , following years of operating abroad.
For PrizePicks, the integration opens a potential new revenue stream in a crowded sports gaming sector where user engagement and diverseiation are key. The company’s app, known for player-based fantasy contests, will now add event contracts that function more like prediction wagers, with odds tied to blockchain-based market activity.
Investor Takeaway
Polymarket’s Blockchain Model
Polymarket has become the dominant player in by trading volume and number of listed contracts, according to data from Polymarket Analytics. Built on the Polygon blockchain, its infrastructure allows markets to operate transparently without a central intermediary, while transactions and liquidity pools are publicly verifiable onchain.
The platform gained wide attention during the 2024 U.S. presidential election, when market odds on Polymarket correctly reflected former President Donald Trump’s electoral comeback months before mainstream polls. That visibility established Polymarket as a bellwether for political and cultural forecasting.
The company has been preparing for a formal U.S. return later than resolving earlier compliance issues with the . Industry sources said the partnership with PrizePicks would mark Polymarket’s first large-scale integration with a consumer-facing platform since the regulatory greenlight.
Questions Over Trading Volume
Despite its growth, Polymarket’s activity has drawn scrutiny. Researchers at Columbia University published a paper this summer suggesting that as much as 60% of its trading volume in mid-2024 may have been inflated through wash trading — transactions where the identical party purchases and trades an asset to simulate activity. The study identified repeated circular trades across multiple markets beginning in July 2024, which the authors said distorted volume metrics and liquidity data.
Polymarket did not respond to requests for comment on the findings. Similar issues have been reported elsewhere in decentralized finance, where token-based incentives often attract automated or self-matching trades. A 2023 report by Solidus Labs found comparable patterns on decentralized platforms, and traders have recently pointed to an increase in suspected wash activity on Solana-based platforms.
Investor Takeaway
Broader Context
The prediction-market sector is drawing new attention as crypto platforms search for sustainable models beyond token speculation. Event contracts allow users to trade on real-world outcomes — from elections and sports to entertainment awards — with prices reflecting the probability of those outcomes.
Analysts say bringing such products into mainstream fantasy sports apps could assist normalize blockchain-based prediction trading among retail audiences. Still, regulatory uncertainty in the U.S. means such integrations will be closely watched by state and federal agencies that overview online wagering and derivatives markets.
For now, the PrizePicks–Polymarket collaboration represents a notable crossover between traditional fantasy sports and decentralized finance, with the potential to redefine how consumers interact with event-based markets.
