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P
PrizePicks
Daily-fantasy operator and the first sports entertainment company to hold an FCM registration.
Atlanta, GALast development September 23, 2025
48
Regulatory risk score
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
Event ContractsSports
Development timeline
Dated developments compiled for this operator, newest first. Select an entry for the full detail.
- 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
No recent regulatory activity tagged to this operator.
Sia Insights
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