Allwyn Cements PrizePicks Majority Ownership
Allwyn has actually sealed its standing in the B2C side of the American wagering, gaming and entertainment spaces by finishing its majority acquisition of PrizePicks.
The Swiss-based firm is now the complete owner of 62.3% PrizePIcks shares, relating to a stake of just under $1.6 bn - though it is still based on some post-closing changes and does not include certain performance-based earnouts.
Regards to Allwyn's bulk stake in PrizePicks were very first inked back in September 2025 in an offer which valued the American everyday dream sports (DFS) platform at around $2.5 bn.
Prior to the accusation, Allwyn was active in the US however its operations there were largely B2B, along with its contract to manage the Illinois state .
"We are delighted to support and participate in the next stage of PrizePicks' growth," said Robert Chvatal, CEO of Allwyn.
"This financial investment advances Allwyn's strategy to develop a diversified international home entertainment platform and substantially strengthens our existence in the United States.
"I anticipate working carefully with Mike and the skilled PrizePicks team to provide a lot more engaging experiences for fans around the world."
Allwyn's stake in forecasts
The acquisition of PrizePicks has developed Allwyn as one of the world's most dominant gaming PLCs - it is now the second largest gambling PLC internationally after Flutter Entertainment and the largest listed lottery business in the world.
This status was later on declared by Allwyn's merger with OPAP, the operator of the Greek national lottery and a significant sports betting company in the Mediterranean nation. Allwyn and its moms and dad company KKCG currently preserved a stake in OPAP prior to this.
Since terms were agreed for a majority takeover, PrizePicks has actually continued to focus on product advancement and expansion into new areas. The company is currently one of the two biggest DFS platforms in the US, together with Underdog Sports.
It now has new horizons on its mind, nevertheless. Almost right away after Allwyn acquired its majority stake in PrizePicks, the DFS platform started taking the necessary regulative actions to get in the US predictions markets space, and in November it penned offers with Kalshi and Polymarket to introduce its own predictions platform.
As predictions are managed by the Commodity Futures Trading Commission (CFTC), PrizePicks is successfully able to run this item nationally.
The company has actually taken its Team Picks, a sports team-based result form of forecasts very similar to conventional win/lose sports betting markets, live in 30 states and the District of Columbia. It likewise has a 'Culture Picks' item, focusing on home entertainment and cultural events.
Mike Ybarra, CEO of PrizePicks, added: "Today marks a defining minute for PrizePicks. Allwyn's global scale, operational expertise, and long-term approach make them an ideal partner as we continue to grow and progress.