Linette Meyer opened issue #1: Allwyn Cements PrizePicks Majority Ownership a...

Linette Meyer
2026-04-28T05:13:59Z

Allwyn has actually sealed its standing in the B2C side of the American betting, gaming and home entertainment spaces by finishing its majority acquisition of PrizePicks.

The Swiss-based firm is now the complete owner of 62.3% PrizePIcks shares, equating to a stake of just under $1.6 bn - though it is still based on some post-closing modifications and does not include specific performance-based earnouts.

Regards to Allwyn's bulk stake in PrizePicks were very first inked back in September 2025 in a deal which valued the American everyday fantasy sports (DFS) platform at around $2.5 bn.

Prior to the accusation, Allwyn was active in the US but its operations there were mostly B2B, together with its agreement to manage the Illinois state lottery.

"We are delighted to support and take part in the next stage of PrizePicks' development," said Robert Chvatal, CEO of Allwyn.

"This investment advances Allwyn's method to develop a diversified international entertainment platform and significantly strengthens our existence in the United States.

"I anticipate working with Mike and the talented PrizePicks group to deliver much more engaging experiences for fans worldwide."

Allwyn's stake in predictions

The acquisition of PrizePicks has actually developed Allwyn as one of the world's most dominant betting PLCs - it is now the 2nd largest betting PLC globally after Flutter Entertainment and the biggest listed lottery game business worldwide.

This status was later on reaffirmed by Allwyn's merger with OPAP, the operator of the Greek nationwide lottery and a significant sports wagering company in the Mediterranean country. Allwyn and its parent firm KKCG already preserved a stake in OPAP prior to this.

Since terms were agreed for a majority takeover, PrizePicks has continued to concentrate on product development and expansion into brand-new locations. The company is already among the two greatest DFS platforms in the US, along with Underdog Sports.

It now has new horizons on its mind, nevertheless. Almost immediately after Allwyn obtained its majority stake in PrizePicks, the DFS platform began taking the required regulative actions to go into the US forecasts markets space, and in November it penned offers with Kalshi and Polymarket to introduce its own predictions platform.

As forecasts are regulated by the Commodity Futures Trading Commission (CFTC), PrizePicks is successfully able to operate this product nationally.

The company has actually taken its Team Picks, a sports team-based result form of predictions really comparable to traditional win/lose sports betting markets, live in 30 states and the District of Columbia. It likewise has a 'Culture Picks' product, concentrating on home entertainment and cultural events.

Mike Ybarra, CEO of PrizePicks, added: "Today marks a specifying moment for PrizePicks. Allwyn's worldwide scale, functional proficiency, and long-lasting approach make them a perfect partner as we continue to grow and progress.