The daily fantasy sports platform PrizePicks has entered into a collaboration with Polymarket, enabling its users to engage with the prediction market’s sports event contracts once Polymarket relaunches in the U.S.

This partnership follows PrizePicks’ recent authorization from the National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC), permitting it to function as a Futures Commission Merchant (FCM). This designation allows the platform to provide contracts from CFTC-registered exchanges.

Presently, Robinhood stands out as the leading FCM within the prediction markets sector, allowing users to access contracts from Kalshi and accounting for approximately half of Kalshi’s overall trading volume.

With this new partnership, PrizePicks aims to offer users access to an array of sports, entertainment, and cultural moments.

“As the leading daily fantasy sports operator in the U.S., PrizePicks is excited to collaborate with Polymarket, an innovator in the prediction space, to provide new experiences for our existing millions of members and attract millions of new users,” stated PrizePicks CEO Mike Ybarra.

This announcement coincides with Polymarket’s impending return to the U.S. market. Currently, the company restricts American users on its global site, but it acquired a CFTC-registered exchange in July and is developing a separate U.S. platform.

However, progress in Polymarket’s plans has been hindered by the ongoing federal government shutdown, as reported by InGame. This shutdown has obstructed the processing of self-certifications essential for new contracts. With the situation nearing a resolution, a relaunch could happen shortly.

Tuesday’s announcement referred to Polymarket’s U.S. platform as “soon-to-launch.”

“By entering the U.S. predictions market, PrizePicks will foster increased competition, drive innovation, and deliver additional value directly to members,” Ybarra continued. “Together with Polymarket, we will keep focusing on product innovation and exceeding our customers’ expectations.”

Polymarket CEO Shayne Coplan emphasized that this partnership illustrates how prediction markets can enhance sports engagement. “PrizePicks has developed one of the most dynamic sports communities in the country, and we look forward to integrating prediction markets into that ecosystem,” said Coplan. “As we gear up for our return to the U.S., this partnership demonstrates how prediction markets can amplify fan engagement while establishing a new benchmark for interactive and regulated sports participation.”

Just last week, Polymarket disclosed a new fee structure in the U.S. that undercuts competitor Kalshi, indicating its readiness for a relaunch.

PrizePicks marks the second major daily fantasy company to branch into the prediction market arena, following Underdog’s agreement with Crypto.com in September. Unlike PrizePicks, Underdog is not a certified FCM and operates as a service provider.

Regulatory bodies in Arizona, Ohio, Illinois, New York, and Michigan have cautioned operators that engaging in prediction markets may infringe on gambling laws and jeopardize their licenses. PrizePicks currently holds fantasy sports licenses in New York and Arizona.

This partnership comes after Allwyn’s acquisition of a 62.3% stake in PrizePicks for $1.6 billion in September, which values the company at $2.5 billion. The deal incorporates up to $1 billion in additional performance-based payments, potentially raising the total to $2.6 billion.