PrizePicks, the leading sports entertainment operator in North America, announced today the launch of its prediction markets offering through its subsidiary, Performance Predictions II, LLC, a federally-approved Futures Commission Merchant.

Additionally, PrizePicks is announcing a multi-year partnership with Kalshi, the largest prediction market in the world.

“Expanding into prediction markets delivers on what our customers want, innovative products with more ways to play,” said Mike Ybarra, CEO of PrizePicks. “Together with Kalshi, we will welcome new customers across many states to the PrizePicks experience, and we couldn’t be more excited about the opportunity ahead in this fast-growing space.”

Customers on PrizePicks are now able to make predictions on outcomes across sports, entertainment, and pop culture directly within the PrizePicks app through Kalshi’s extensive library of event contracts. All event contracts listed on PrizePicks are Kalshi markets. From game results, to awards shows, to trending cultural storylines, fans will have more ways than ever to engage with the moments they care about most.

“As of today, people will be able to access Kalshi’s prediction markets within the PrizePicks app,” said Tarek Mansour, co-founder and CEO of Kalshi. “This is a game-changing moment, and we’re excited to be the first to fuel and supercharge the PrizePicks fan experience.”

Prediction Markets on PrizePicks gives customers the opportunity to make simple predictions by purchasing contracts on a wide variety of events in sports and culture on affiliated Designated Contract Markets. At launch, PrizePicks will offer Team Picks and/or Culture Picks in 38 states and Washington, D.C.