PrizePicks Secures Licenses in Delaware and Missouri

PrizePicks, one of the largest North American daily fantasy sports operators, announced that it officially obtained a Daily Fantasy Sports Operator License in Delaware, allowing the company to introduce its flagship platform to even more fantasy sports fans. In addition to Delaware, PrizePicks secured a license in Missouri, bringing the number of states where it can offer its platform to 15.

The Operator Boasts Innovative Offerings

Headquartered in Atlanta, GA, PrizePicks has emerged as a daily fantasy sports leader, delivering skill-based fantasy games for sports fans via its player-focused contests. The latest license is another milestone in PrizePicks’ continuing growth, with the operator now live across 44 jurisdictions worldwide. Its experienced team brings constant innovation, keeping fans engaged with exciting content.

This latest licensure will permit Delaware sports fans to experience the company’s signature Arena contests, a popular peer-to-peer feature launched earlier this year. Mike Ybarra, PrizePicks CEO, thanked regulators in Delaware and Missouri for their collaboration and expressed hope that the company would replicate its success in these new jurisdictions.

We are proud that Arena has been approved in every state where it has been submitted. We’ve seen strong player adoption to date, and we look forward to replicating our success in these new markets with a fun gaming experience.

Mike Ybarra, PrizePicks CEO

Under the newly acquired Delaware license, PrizePicks will introduce its Arena contests to local players, allowing for a unique leaderboard-style competition where participants compete head-to-head for prizes. The platform brackets contestants by entry fee, number of entries, and experience levels so that all players have an enjoyable, level playing field. 

Recent Legal Trouble Did Not Affect Expansion Ambitions

PrizePicks’ expansion in Delaware and Missouri comes amid legal scrutiny in other states. The company currently faces a lawsuit in Massachusetts, where a resident claims that PrizePicks and other platforms like Yahoo Fantasy Sports and Underdog Fantasy operated without proper authorization and took wagers on non-fantasy sports events.

The Massachusetts lawsuit alleges the DFS sites were operating no different than traditional gambling by allowing “prop” or “pick’em” style bets, which he claims are not covered under fantasy sports. This issue has significant legal implications since the legal gambling age in Massachusetts is 21, while participants in daily fantasy sports need only be 18 and could cost the implicated operators millions of dollars.

Despite this legal challenge, PrizePicks remains committed to sustained growth as many industry experts speculate the operator may be considering entering the realm of traditional online sports betting. Such a development would not be surprising, especially considering the new licenses provide the company with fresh markets to expand and leverage its enhanced offerings.