PrizePicks
Daily-fantasy operator and the first sports entertainment company to hold an FCM registration.
Regulatory posture
- Performance Predictions II LLC, a SidePrize LLC subsidiary, received FCM registration from the NFA on September 23, 2025, the first fantasy-sports-affiliated operator to do so.
- The registration lets PrizePicks members route orders to CFTC-regulated DCMs through its own regulated entity rather than a third-party broker.
- Distributes contracts rather than operating a venue, so it holds no DCM or DCO designation.
- Shares the fantasy-to-event-contracts exposure of Underdog and Sleeper, where several states have contested holding fantasy licences alongside CFTC event contracts.
Licensing
- FCM
- Approved (Performance Predictions II LLC, NFA, September 23, 2025)
- DCM
- N/A — routes to third-party DCMs
- State coverage
- No state action against the prediction-market business recorded on this tracker
Filings on the tracker (1)
Licensing Tracker- FCMPrizePicks Predict (Performance Predictions II LLC, a SidePrize LLC subsidiary)ApprovedSep 23, 2025
Products
Development timeline
Dated developments compiled for this operator, newest first. Select an entry for the full detail.
- October 6, 2026
Suspended Team Picks sports prediction markets in Missouri, citing updated legal requirements
PrizePicks emailed Missouri customers that it must suspend Team Picks in the state. It was not among the six operators sent cease-and-desist letters by Missouri AG Catherine Hanaway in September 2026. Existing entries stay active and Culture Picks remains available.
- September 23, 2025
NFA granted FCM registration, a first for a sports entertainment operator
- May 28, 2025
Performance Predictions II LLC filed for NFA membership, FCM and swap-firm status
Regulatory history
No enforcement actions matching this operator by name.
Recent activity
Sia Insights
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