PrizePicks gains fantasy sports operating license in New York

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PrizePicks gains fantasy sports operating license in New York.

PrizePicks is again in New York following final yr’s $15 million settlement for working and not using a license.

Fantasy sports activities operator PrizePicks will now be capable to supply its service in New York, after being awarded an interactive fantasy sports activities working license by the New York State Gaming Fee. PrizePicks has confirmed that it plans to launch its peer-to-peer providing in New York within the coming weeks.

“New York is house to among the most passionate sports activities followers within the nation, and we all know they are going to be excited to have PrizePicks again,” mentioned Mike Ybarra, CEO of PrizePicks. “We’re thrilled to supply an amazing leisure expertise that elevates how they have interaction on sport day and past.”

PrizePicks’ background in New York’s gaming scene

This comes after PrizePicks paid almost $15 million to the Gaming Fee in 2024 in a authorized settlement over its licensing points. Now, the corporate maintains that it has “labored intently with state gaming regulators to make sure that its new peer-to-peer contests adjust to New York’s strict fantasy sports activities necessities.”

“We wish to thank the New York State Gaming Fee for his or her collaboration and recognition of our peer-to-peer providing as a fantasy sports activities contest,” mentioned Jason Barclay, PrizePicks’ Head of Public Coverage and Chief Authorized Officer. “We labored diligently to design a sport that meets the Fee’s rigorous requirements, and New York’s determination underscores the concept that innovation in fantasy sports activities can thrive inside a transparent regulatory framework.”

New York is now the sixteenth jurisdiction to formally license PrizePicks for operations, confirming that PrizePicks’ contests could be supplied as video games of ability below its fantasy sports activities legal guidelines. The fantasy sports activities operator has additionally been investing closely in the social side of its app lately, bringing in famous faces to promote The Feed and its varied community-focused options.

Featured picture: PrizePicks

The put up PrizePicks gains fantasy sports operating license in New York appeared first on ReadWrite.

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