What are PrizePicks Prediction Markets? Kalshi Partnership Brings Market Trading to the App
PrizePicks Prediction Markets are now live in the PrizePicks app, offering a new way to trade straightforward Yes/No outcomes on sports, entertainment, and other real-world events alongside the regular Player Picks board.
PrizePicks is powered by a multi-year partnership with Kalshi, a fully regulated US prediction market, so you’re dealing with listed event contracts instead of a one-off side game. If you already use PrizePicks, the feature just appears inside the same app you know.
TL;DR
- PrizePicks Prediction Markets use CFTC-regulated Yes/No event contracts listed on Kalshi and surfaced inside the PrizePicks app.
- Team Picks focus on sports event contracts like game results, spreads, and season outcomes instead of multi-leg pick 'em style entries.
- Culture Picks lean into pop culture and entertainment, covering elections, awards shows, music releases, and other cultural moments.
- At launch, Team Picks are live in a smaller set of states plus Washington, D.C., while Culture Picks are available in 38 states and D.C., so you should always check the current states list on the PrizePicks site before trading.
Launch Overview: PrizePicks Prediction Markets
Here are the basics of the prizepicks prediction markets launch in one snapshot.
| PrizePicks Sign Up Offer (DFS) | |
|---|---|
| PrizePicks Promo Code (DFS) | |
| Terms & Conditions | |
| PrizePicks Legal States | U.S. residents 18+ years of age in Alaska, Alabama, Arkansas, Georgia, Hawaii, Idaho, Mississippi, Montana, Nebraska, Oklahoma, Oregon, South Carolina, South Dakota, Texas, Washington |
| Apps | iOS & Android |
| Verified on | December 22, 2025 |
PrizePicks treats this prediction markets offering as an add-on to its daily fantasy sports product, powered by Kalshi in the background.
How PrizePicks Prediction Markets Work Through Kalshi
Under the hood, these markets use Kalshi-listed, CFTC-regulated event contracts. Kalshi operates as a designated contract market, and PrizePicks sits on top as the fan-facing layer, presenting it as just another pick type in the app.
To run this prediction markets offering, PrizePicks uses a subsidiary called Performance Predictions II, LLC, which is registered as a futures commission merchant with the National Futures Association. That status is what allows PrizePicks to accept customer orders in event contracts listed on Kalshi and any affiliated designated contract markets, route those orders to Kalshi’s exchange, and stay under Commodity Futures Trading Commission and National Futures Association oversight.
From the user’s perspective, every Team Pick or Culture Pick in this part of the app maps back to Kalshi markets behind the scenes. All event contracts listed under the prediction markets tab are Kalshi event contracts created and cleared on Kalshi’s exchange; you see them through the PrizePicks app and wallet.
Prediction Markets 101: How Do You Trade on Them
Each prediction market is a yes-or-no question with a price. You trade contracts on Yes or No at prices between $0.01 and $0.99, and every contract ultimately settles at $1 if your side is right or $0 if it’s wrong. So for example, if you buy Yes at $0.60 and it settles at $1, you’re up $0.40 per contract; if it settles at $0, you lose the $0.60. Take No at $0.40, and you’re simply on the other side of that same coin.
The price acts like a rough probability. A Yes contract trading around $0.25 is the market saying “this has about a one-in-four shot.” When new information comes in (like injuries, depth chart changes, polling swings, box office momentum) those prices move as traders adjust their predictions.
On the board, that shows up as simple prompts like
- Will this team win tonight?
- Will this total be cleared?
- Will a specific award, election, or pop culture moment go a certain way?
You can buy in and hold through settlement, or, where the platform allows, trade in and out before the outcome is finalized if the price moves in your favor. Either way, you’re trading contracts that move before the event and then settle at $1 or $0 when it’s graded. The key difference from a straight house line is who's setting the number. In the prediction market space you’re interacting with a pool of other people whose orders set the prices. PrizePicks provides the wrapper and the wallet: the underlying markets handle matching, pricing, and settlement in the background.
PrizePicks DFS vs. PrizePicks Prediction Markets
If you’re used to living on the classic boards, prediction markets feel like a cousin, not a twin. Same brand, very different risk profile.
How PrizePicks DFS Pick’em Works
On the DFS side, you’re in pick 'em mode:
- You choose 2-6 players across sports.
- For each player, you go more or less than the posted projection.
- You pick between Power Play, where every leg has to hit for a higher fixed return, and Flex Play, where you can miss one or more legs and still get paid at a reduced multiple.
The payout table is locked in before you submit, so you know exactly what a perfect card is worth. Entries are scored on player performance and treated as daily fantasy sports contests.
How PrizePicks Prediction Markets Work Beside It
Prediction markets move you away from player stat projections and into straight outcomes. Instead of stacking four or five legs on one card, you’re trading those yes/no questions one market at a time, choosing a contract price instead of a fixed multiplier.
DFS gives you a fixed stake and fixed payout with no price changes after you submit; prediction markets can change in value until settlement, and your result depends on the gap between your entry price and where the contract finishes. The DFS screen shows projections, More/Less buttons, and a slip with your stake and fixed payout. The markets screen shows Yes and No prices and what you stand to win or lose per contract.
Both products sit in the same PrizePicks ecosystem and share the same account balance, but they work very differently. One is a fantasy contest with fixed tables, the other is a set of regulated contracts on outcomes, with prices that move as news and sentiment change.
Start Trading with PrizePicks Prediction Markets
- Get the app: Install the PrizePicks app on iOS or Android and log in, or create an account if you’re new.
- Verify your details: Finish the sign-up steps, confirm your age and location, and complete any ID checks the app asks for.
- Add the DFS promo code: If you’re a new player, enter promo code
VIBONUS during registration to qualify for the current DFS welcome offer:Play $5, Get $50 in Lineups - Instantly! The promo is tied to Player Picks, but the funds you deposit live in the same balance you’ll use for contracts. - Deposit funds: Add money using one of the payment methods available in your state, like bank transfer, debit card, or a supported digital wallet. Pick a number you’re actually comfortable "risking" across DFS entries and markets.
- Go to Team Picks or Culture Picks: From the home screen, open the pick type selector and switch from Player Picks to the prediction markets tab, then choose Team Picks for sports or Culture Picks for entertainment and culture.
- Pick a market and buy contracts: Go through the list, open a specific market, choose Yes or No, and decide how many contracts you want before you confirm.
- Watch your positions and settlements: Use the account or markets tab to see your open positions. When events are graded, the contracts settle, and your balance updates automatically based on the outcome.
PrizePicks App Review: Prediction Markets & Key Features
The PrizePicks app is built around quick taps and clear slips, and prediction markets fold into that setup cleanly. You still land on your usual Player Picks boards, then move into Team Picks or Culture Picks with a couple of taps, so the markets feel like an extra lane, not a separate product.
Layouts are simple: big tiles, readable prices, and markets that refresh without much lag, which matters when news hits and everyone reacts at once. If you’ve ever built a multi-leg pick 'em card on the PrizePicks app, the markets part will feel familiar enough that you’re not going through hidden menus or tabs.
PrizePicks Team Picks
Team Picks are the sports-first side of the markets. Instead of worrying about whether a star clears a rebound line, you’re trading on game-level outcomes: who wins, who covers, and how totals or season marks shake out. These are sports event contracts, but framed around the box scores and matchups you already follow.
On an NFL Sunday, for example, you might see markets like:
- Will Dallas win its next game?
- Will Miami cover a listed spread?
- Will a specific team reach a certain win total?
You pick Yes or No on those outcomes and trade contracts tied to them, rather than bundling them into a parlay-style card. Behind the scenes, those prompts are sourced from Kalshi markets, but what you see is a clean Team Picks board that sits next to your DFS entries inside the PrizePicks app.
PrizePicks Culture Picks
Culture Picks pushes the same idea into entertainment and pop culture. Instead of game results, you’re trading on cultural moments: major awards shows, headline elections, big releases, and other trending storylines that would normally just be group chat debates.
The board might include questions like:
- Will a specific film have a Rotten Tomatoes score above a certain percentage by a specific date?
- Will Taylor Swift drop a new movie by a set date?
- Will a high-profile candidate win an upcoming election?
Functionally, these markets work like Team Picks: simple Yes/No outcomes with contracts tied to the result. The difference is what you’re following. Culture Picks lean into entertainment, headlines, and pop culture directly, using Kalshi markets in the background but presenting everything through the same PrizePicks interface you already use for DFS.
Banking Options
PrizePicks keeps banking focused on a handful of standard methods, with availability varying by state.
Deposits
- Visa debit cards
- Mastercard debit cards in eligible states
- Instant bank transfer via online banking
- Apple Pay for eligible debit cards
Withdrawals
- Online banking transfers back to a linked account
- Visa or Mastercard debit withdrawals where supported
- Specific digital wallets (like PayPal or Venmo) in some jurisdictions
Bank transfers can take a couple of business days to fully land in your bank account, while some debit and wallet payouts tend to move faster once PrizePicks reviews the request. In many cases, you’ll be asked to withdraw back to the same method you used to deposit.
Responsible Trading
PrizePicks gives you the usual responsible gambling safety tools on your account: deposit and loss limits, session reminders, timeouts, and full self-exclusion. Turn them on once, and they cover everything in the app, from classic pick 'em cards to this newer prediction market space.
Even though these are regulated event contracts run through Kalshi and overseen by the Commodity Futures Trading Commission and the National Futures Association, the math is simple: a contract can still go to zero. Keep your stakes small enough that a bad stretch is just annoying, not a problem, and use the limits available if you catch yourself chasing a result.
Customer Support
Customer support is anchored by live chat, backed by email and a self-serve help center. From the app or website, you can open a chat window and connect with a rep for issues like entry grading, deposits, or verification. If the problem isn’t urgent, you can submit an email ticket through the help center and get a response within a few hours in most cases. The written resources cover account setup, banking rules, and house policies, so many basic questions can be answered without talking to anyone.
PrizePicks Prediction Markets vs. Other Major Platforms
Here’s how the markets on PrizePicks stack up against two of the better-known prediction platforms, Polymarket and PredictIt:
| Feature | PrizePicks Prediction Markets | Polymarket | PredictIt |
|---|---|---|---|
| Regulation | CFTC-regulated Kalshi contracts, FCM/NFA oversight | On-chain platform moving toward CFTC-regulated venue | CFTC-regulated U.S. site focused on politics |
| How you trade | PrizePicks app, Team Picks and Culture Picks in dollars | Connect a wallet and trade Yes/No shares in USDC | Web interface, buy/sell Yes/No shares with fiat |
| User experience | Mobile, DFS-style layout with sports and culture in one app | Web and mobile web, more like a trading screen | Desktop-leaning site centered on political markets |
| Funding method | Debit cards, online banking, select wallets, no crypto | Funded with crypto through a connected wallet | Funded with traditional banking and cards |
| Market variety | Sports outcomes plus entertainment and pop culture events | Wide mix of politics, macro, tech, culture, global events | Heavy focus on elections and policy outcomes |
| Contract settlement | Kalshi markets settle and pay through PrizePicks balance | Smart contracts settle shares to $1 or $0 on-chain | Event contracts settle to a fixed value per share |
| U.S. availability | Many states plus Washington, D.C.; always confirm in app | U.S. access limited and evolving under new rules | Built for U.S. traders, with some state and federal limits |
| Ideal for | PrizePicks fans who want regulated markets in the same app as DFS | Crypto-native traders comfortable with wallets and on-chain risk | Users who mainly care about political outcomes |
Before You Start: Final Tips for PrizePicks Prediction Markets
Big picture, this prediction markets offering gives you regulated, yes-or-no trades on games and headlines inside the same PrizePicks app you already use, without sending you off to a separate site or a crypto wallet.
A few quick habits to bring in with you:
- Start small. Use low-cost contracts until you’ve watched how prices move when news breaks or odds change.
- Treat the live price as information. If a number has drifted for a few hours, ask yourself why before you hit the buy button.
- Lean into the entertainment side if that’s your lane. If you already follow awards shows or major releases closely, those questions can be an easier entry point than sweating another box score.
Whatever mix you end up playing, check that your state is actually live in the app, set a tight budget, and be willing to log out for the night when the markets stop being fun and start feeling like work.
FAQs About PrizePicks Prediction Markets
What Are PrizePicks Prediction Markets?
PrizePicks prediction markets are Yes/No event contracts inside the PrizePicks app that settle at $1 or $0 based on what happens in the underlying event. It started as a daily fantasy sports operator and now operates on Kalshi Markets under CFTC and National Futures Association oversight. Depending on your state, you may see Team Picks, Culture Picks, or both, so it’s always worth checking the live states list in the app before you start.
How Do PrizePicks Culture Picks Work?
Culture Picks use the same contract format, pointing it at entertainment and pop culture outcomes rather than box scores. You’re trading on things like awards shows, big releases, and headline elections, then watching those contracts resolve once those cultural moments are decided.
How Are Kalshi Prediction Markets Integrated Into the PrizePicks App?
All event contracts listed under the prediction markets tabs are sourced from Kalshi’s designated contract market, with orders routed through Performance Predictions II as the futures commission merchant. You stay inside the PrizePicks app the whole time, using the same login and balance you already use for Pick 'em cards.
What Can You Predict on PrizePicks Prediction Markets?
Between Team Picks and Culture Picks, you’ll see markets on sports event contracts like game results and season totals, plus questions tied to entertainment, pop culture, and other real-world events. The slate tends to track whatever people are already arguing about in group chats and on social media.
Are PrizePicks Prediction Markets the Same as Sports Betting or DFS?
No. These are regulated event contracts in a centralized prediction market space, which makes them different from sportsbook wagers and from fixed-multiplier pick em entries treated as daily fantasy sports. They sit next to DFS in the PrizePicks app, but prices, rules, and outcomes follow a separate playbook.