Date of posting: November 14, 2025, 01:28h.
Last revised on: November 14, 2025, 01:28h.
- Kalshi event contracts now accessible via PrizePicks app
- Announcement made just three days after PrizePicks partnered with Polymarket
- PrizePicks customers can utilize Kalshi sports event contracts
Once again, PrizePicks expands its horizons with a new partnership, this time with Kalshi, the leading name in event contracts in the United States.
The daily fantasy sports (DFS) platform and the prediction markets powerhouse have announced that Kalshi’s yes/no derivatives are now live on the PrizePicks mobile app, marking the beginning of a “multi-year collaboration.” The specific financial details of this partnership have not been disclosed. This announcement follows closely on the heels of PrizePicks’ collaboration with Kalshi’s competitor, Polymarket.
PrizePicks users can now forecast various outcomes across sports, entertainment, and pop culture directly within the application, benefiting from Kalshi’s extensive event contracts library. “All event contracts available on PrizePicks are Kalshi markets,” a company statement reveals.
This development aligns with earlier rumors from August suggesting that PrizePicks was exploring opportunities in the prediction markets space. This speculation intensified after the company received Futures Commission Merchant (FCM) status from the National Futures Association (NFA). This designation enables it to promote derivatives regulated by the Commodities Futures Trading Commission (CFTC), which oversees entities like Kalshi and Polymarket.
Potential Impact of Kalshi and PrizePicks Partnership
The collaborations with Kalshi and Polymarket could represent a significant evolution for PrizePicks, transitioning from its original role as a DFS operator against the house to a more favorable player versus player (PVP) model.
In typical DFS formats, users assemble lineups or wager on athletes’ statistics, such as points or passing yards. Standard DFS games often focus on individual players rather than teams. By partnering with Kalshi, PrizePicks is now offering users the chance to predict team-centric outcomes.
“Team Picks introduces an innovative way to forecast outcomes, allowing users to select the victor of a game, match, or contest,” reads the press release. “For the first time, users on PrizePicks can engage in team outcome predictions, ranging from individual contests to seasonal futures including win totals, playoff prospects, and championship champions.”
This also signifies the first instance where PrizePicks will allow users to engage with markets beyond sports. This expansion is noteworthy, given that presently, only four of the top twelve active contracts on Kalshi, as measured by volume, are sports-related.
For Kalshi, the partnership with PrizePicks could yield significant returns in multiple ways. This collaboration provides the prediction markets operator with a new distribution partner that possesses a strong sports focus, which could be crucial as competitors like DraftKings and FanDuel launch their own prediction markets.
Comparison of Kalshi and Polymarket Agreements
The primary distinction between PrizePicks’ arrangements with Kalshi and Polymarket lies in the operational status; Kalshi is up and running. In contrast, Polymarket’s return to the U.S. faced delays due to a government shutdown, but they are currently beta testing in this market, with a waitlist in place, and anticipate reopening their U.S. platform by the end of November.