PrizePicks, a prominent North American sports entertainment operator, has officially been awarded an interactive fantasy sports operating license by the New York State Gaming Commission. This development marks the company’s return to the New York market, with plans to launch its peer-to-peer fantasy sports offering in the coming weeks after a previous legal settlement.
Key Takeaways
- PrizePicks has received an interactive fantasy sports operating license from the New York State Gaming Commission.
- The company will relaunch its peer-to-peer fantasy sports offering in New York in the near future.
- This return follows a legal settlement with the Commission in 2024 and ensures compliance with updated 2023 fantasy sports regulations.
- New York is the 16th jurisdiction to recognize PrizePicks’ contests as games of skill under its fantasy sports laws.
- PrizePicks has emphasized its commitment to responsible gaming, holding iCAP accreditation from the National Council on Problem Gambling.
Return to the Empire State
PrizePicks is poised to re-enter the New York market, a state known for its passionate sports fans. The company’s CEO, Mike Ybarra, expressed enthusiasm about offering an enhanced entertainment experience to New Yorkers. This relaunch is the result of close collaboration with state gaming regulators to ensure the peer-to-peer contests align with New York’s stringent fantasy sports requirements, which were expanded in 2023.
Navigating Regulatory Landscape
Following a legal settlement in 2024, PrizePicks has diligently worked to meet the New York State Gaming Commission’s standards. Jason Barclay, PrizePicks’ Head of Public Policy and Chief Legal Officer, highlighted the Commission’s recognition of their offering as a fantasy sports contest. This decision is seen as a testament to the possibility of fostering innovation within fantasy sports while adhering to a clear regulatory framework. New York now joins 15 other jurisdictions that have formally recognized PrizePicks’ contests as games of skill under their respective fantasy sports laws.
Commitment to Responsible Gaming
As PrizePicks continues its expansion, a strong emphasis remains on responsible gaming initiatives. In 2025, the company achieved iCAP accreditation from the National Council on Problem Gambling (NCPG) for its responsible gaming practices. This certification makes PrizePicks the first and only fantasy sports operator to receive this accreditation, underscoring their dedication to player safety and well-being.
PrizePicks Relaunches in New York After Receiving State Gaming License
- PrizePicks Awarded Gaming License in New York, PR Newswire.
- PrizePicks Awarded Gaming License in New York, StreetInsider.
