PrizePicks receives gaming licence in New York
The company will launch its peer-to-peer offering in the coming weeks.
US.- The daily fantasy sports operator PrizePicks has announced that it has been awarded an interactive fantasy sports operating licence by the New York State Gaming Commission (NYSGC). The company will launch its peer-to-peer offering in the state in the coming weeks.
Following a legal settlement in 2024, the company worked with state gaming regulators to ensure new peer-to-peer contests comply with the requirements. New York becomes the 16th jurisdiction where PrizePicks’ contests can be offered as games of skill. In July, it gained gaming licences in Puerto Rico and Maine.
Mike Ybarra, CEO of PrizePicks, said: “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.”
Jason Barclay, PrizePicks’ head of public policy and chief legal officer, added: “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.”
This year, the company received Internet Compliance Assessment Program (iCAP) accreditation from the National Council on Problem Gambling (NCPG). iCAP certification is granted to operators that meet the NCPG’s standards for responsible gaming and consumer protection practices.
