PrizePicks Awarded Gaming License in New York
PrizePicks, the leading sports entertainment operator in North America, announced that it has been awarded an interactive fantasy sports operating license by the New York State Gaming Commission. PrizePicks will launch its peer-to-peer offering in New York in the coming weeks.
“New York is home to some of the most passionate sports fans in the country, and we know they will be excited to have PrizePicks back, We’re thrilled to offer a great entertainment experience that elevates how they engage on game day and beyond,” said Mike Ybarra, CEO of PrizePicks.
Following a legal settlement with the New York Gaming Commission in 2024, PrizePicks worked closely with state gaming regulators to ensure that its new peer-to-peer contests comply with New York’s strict fantasy sports requirements that were expanded by the Commission in 2023. New York becomes the 16th jurisdiction to formally ratify that PrizePicks’ contests can be offered as games of skill under its fantasy sports laws.
“We want to thank the New York State Gaming Commission for their collaboration and recognition of our peer-to-peer offering as a fantasy sports contest. We worked diligently to design a game that meets the Commission’s rigorous standards, and New York’s decision underscores the idea that innovation in fantasy sports can thrive within a clear regulatory framework,” said Jason Barclay, PrizePicks’ Head of Public Policy and Chief Legal Officer.
“By issuing this license, the Gaming Commission is making a clear statement that our state will continue to embrace innovative Daily Fantasy Sports (DFS) games that provide New Yorkers with safe, skill-based contests they can enjoy with friends, family, and fellow sports fans,” New York State Senator Joseph Addabbo said.
