Since Underdog Fantasy partnered with Crypto.com recently to offer prediction markets, it was only a matter of time until another daily fantasy pick 'em operator tried to get into the prediction market game.
PrizePicks has partnered with Kalshi to offer PrizePicks Culture Picks and Team Picks, the prediction markets on the app. Some PrizePicks users (depending on their state) will be able to wager on questions like how well the latest Hollywood release will do at the box office, how many bridesmaids Taylor Swift will have at her wedding, and when Grand Theft Auto 6 will really come out.
In this article, you'll learn more about the partnership between Kalshi and PrizePicks, how the product works, and what potential users can expect from the new experience.
PrizePicks Prediction Markets Key Takeaways December 2025
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🚀 PrizePicks Prediction Markets Launch |
Nov. 14, 2025 |
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🌎 PrizePicks Prediction Markets States |
Team Picks: AK, AL, AR, GA, HI, ID, MS, MT, NE, OK, OR, SC, SD, TX, WA Culture Picks: AK, AL, AR, CO, CT, DE, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MO, MS, MT, NC, NE, NH, NJ, NY, OH, OK, OR, PA, SC, SD, TX, VT, WA, WV, WY, DC |
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🤝 Prediction Market Partner |
Kalshi |
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💰 PrizePicks Sign Up Offer (DFS) |
Play $5, Get $50 in Lineups - Instantly! |
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⭐️ PrizePicks Promo Code (DFS) |
ACTION |
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📱 Mobile App |
iOS & Android |
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🏈 Prediction Markets Available |
Sports, Entertainment and Pop Culture |
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✅ Verified on |
December 30, 2025 |
PrizePicks + Kalshi: How PrizePicks Prediction Markets Work
PrizePicks, a major North American sports entertainment operator, has launched a new prediction markets feature within its app. This move is seen as a response to competitors, like Underdog Fantasy, who have been adding similar offerings.
The launch is facilitated through PrizePicks' subsidiary, Performance Predictions II, LLC, which is now a federally-approved Futures Commission Merchant (FCM). Kalshi handles all the behind-the-scenes stuff on contracts purchased by PrizePicks users, so there's no need to create a separate account.
The new offering is made possible through that multi-year partnership with Kalshi, identified as the world's largest prediction market and a fully regulated derivatives market (Designated Contract Market or DCM) acknowledged by the Commodity Futures Trading Association (CFTC).
How It All Works
PrizePicks customers can now engage with a diverse array of outcomes directly through the app by utilizing Kalshi's extensive library of event contracts.
Crucially, Kalshi manages all the regulatory and operational aspects of these contracts behind the scenes, meaning users do not need to create a separate Kalshi account.
New Prediction Categories
The new offering expands user options beyond individual performance predictions with two distinct categories:
- 1. Team Picks: This enables users to predict game winners, individual matchup results, and season-long outcomes such as win totals and championship futures.
- 2. Culture Picks: Expanding beyond the world of sports for the first time, this category lets customers predict the results of major cultural events, including music and movie awards (like Best Picture or Album of the Year), and political outcomes.
This partnership is a win-win, allowing PrizePicks users to apply their prediction skills to team-based and long-term events, while Kalshi handles the market execution and regulation.
PrizePicks App Review & Top Prediction Markets Features
PrizePicks was a leader in creating innovative DFS-style pick 'em contests. Daily fantasy sports had been around for a bit when PrizePicks launched.
The original form of daily fantasy sports had hit, but companies were pushing to innovate on the original salary-cap format. PrizePicks came along and said, "Let's simplify this!"
PrizePicks decided to frame each player selection into a question of "over or under?" PrizePicks would set the line for a player's performance in a stat category, and users would pick over/under. This expanded to building combinations of picks where users could get multipliers on their pick collections.
With their Kalshi partnership, PrizePicks continues the same great user experience, with the expanded option to speculate on team-based outcomes and cultural events.
Team Picks
This is the first type of prediction market option that PrizePicks offers. Team Picks bridges PrizePicks' sports background with the newfound mechanism of event contracts.
Instead of being limited to picking individual player performances, PrizePicks users can now predict who wins games, fights, and championships.
An example question for Team Picks would be "Will the Los Angeles Rams be the #1 seed when the playoffs start?" PrizePicks users can choose either Yes or No, and their contracts get paid out accordingly.
Those located in these states can play PrizePicks Team Picks: Alaska, Alabama, Arkansas, Georgia, Hawaii, Idaho, Mississippi, Montana, Nebraska, Oklahoma, Oregon, South Carolina, South Dakota, Texas, Washington.
Culture Picks
Culture Picks is the second kind of prediction market type that some users can access on the app. PrizePicks Culture Picks turns our obsession with celebrity, Hollywood, and pop culture into a prediction market ripe with opportunity.
When times like award show season buzzing or high box office numbers to predict, there's never a bad time to get in on the fun of prediction markets with PrizePicks' Culture Picks.
Here's an example of how Culture Picks works. Popular reality TV show Dancing With the Stars runner-up Alix Earle was in the news because of rumors with her partner, wide receiver Braxton Berrios.
Users who were interested in making a prediction market example for this would make a question like "Will Braxton Berrios and Alix Earle officially call it quits by the end of December?"
The question will have two outcomes: Yes, or No. The likelihood of that outcome will be shown in the price. As more users speculate on the outcome, the price could change based on the direction that the market is investing.
While the option to speculate on this contract will be housed in the PrizePicks app, all contracts listed are powered by Kalshi and are subject to their settlement process.
And those located in these states can play PrizePicks Culture Picks: Alaska, Alabama, Arkansas, Colorado, Connecticut, Delaware, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Missouri, Mississippi, Montana, North Carolina, Nebraska, New Hampshire, New Jersey, New York, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, South Dakota, Texas, Vermont, Washington, West Virginia, Wyoming, and Washington D.C.
Does It Change the Way You Use the PrizePicks App?
Yes, depending on your location and state in the US.
PrizePicks users who are not familiar with prediction markets will have to learn a whole new lingo and way of playing as PrizePicks launched prediction markets on the app.
The most fundamental difference that users will have to grasp is how each of these worlds works with outcomes. When you're playing PrizePicks DFS, it's clear what you're trying to do. The operator sets players' projections and users build combinations of entries to maximize upside. As more players exceed their projections, the player gets an opportunity to have a greater (but fixed) payout.
Prediction markets are totally different. Instead of set projections, users trade in a more peer-to-peer fashion. Markets are framed as yes-or-no questions, like "Will Taylor Swift have more than 5 bridesmaids?"
Each outcome will have a price. The cost of each outcome is driven by user sentiment on the likelihood of the event. If the wagering public thinks an outcome is unlikely and it comes through, there's a great opportunity to make a big profit on an outcome others have seen as unlikely.
While these forms of prediction and speculation are completely different, they'll both be directly integrated into the PrizePicks app, but not in each state. You must know the difference between the two types of contracts you are getting your hands on.
How to Sign Up for PrizePicks Prediction Markets
Since PrizePicks' prediction markets are integrated into the PrizePicks app depending on your state, signing up to play them is just like signing up for an account at PrizePicks.
You can use our PrizePicks DFS promo code ACTION to Play $5, Get $50 in Lineups - Instantly!
That will get you a new user bonus to use on DFS options while also checking out the PrizePicks prediction markets.
To sign up for that, you'll follow this process:
- 1. Download the PrizePicks app from the app store of your choice.
- 2. Create an account, verify your identity, and complete your identity verification - if you don't, it will cause serious delays when you get to the payment processing stage.
- 3. PrizePicks Predictions doesn't have a promo code for prediction markets yet, so there is no promo code to add at this step (unless you want to use our DFS code above).
- 4. Make a deposit using one of the deposit methods listed on the PrizePicks website.
- 5. Navigate to the Prediction Markets section of the app. You'll see that there are options for Team Picks and Culture Picks.
- 6. Choose a market and buy your first contract.
- 7. Manage your positions and keep tabs on your settlements. You never know when the right time to buy or sell is!
What Prediction Markets Are and How To Trade Them
Prediction markets are the hot new buzz of the world of online speculation. Originally used as a tool for interpreting public sentiment on elections, they've quickly expanded from politics and pop culture into sports, video games, and just about anything else that you can imagine.
Prediction markets turn anything into a speculative event. Opportunities in prediction markets are always framed as yes or no questions to trade on.
A pop culture example would be "Will Grand Theft Auto 6 come out by the end of November 2026?" Users then have the opportunity to take either side of the argument. The price of each outcome is determined by current user sentiment on the question, and can update by the second.
If GTA 6 comes out before the end of November 2026, contracts purchased for Yes pay out, $1 per share purchased. "No" settle at 0. Users who bought "Yes" when user sentiment was low make a greater profit than users who bought when user sentiment was higher.
Settlement of event contracts are handled solely by Kalshi, but will appear on your PrizePicks account.
Let's look at a statistical example based on that GTA market:
Example Scenario: The GTA 6 Release
"Will Grand Theft Auto 6 come out by the end of November 2026?"
The Trade:
- 1. A user believes the answer will be "Yes."
- 2. They observe that the current market price for the "Yes" contract is $0.60 per share.
- 4. The user decides to buy 10 shares of the "Yes" contract.
Total Investment:
10 shares times $0.60/share = $6.00
The Outcome and Payout:
- The Event Happens: Grand Theft Auto 6 is released in October 2026. The "Yes" outcome is correct.
- The Payout Rule: The correct outcome ("Yes") settles at $1.00 per share.
- User's Return: 10 shares times $1.00/share = $10.00
The Profit:
The user's profit is the return minus the initial investment:
$10.00 (Return) - $6.00 (Investment) = $4.00 profit
Meanwhile, users who purchased "No" contracts would have their contracts settle at $0.
Competitor Prediction Market Apps
As discussed earlier, PrizePicks is entering the crazy prediction market competition against many popular brands and platforms.
Here are some of the top prediction markets and social prediction markets right now, and some coming soon from big brands:
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📈 Prediction Markets |
🎁 Offer |
🚨 Promo Code |
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Kalshi |
Trade on Sports & Politics – Get a $10 Bonus with Our Code! | ACTION |
| Spend $25, Get $50 in Novig Coins! | ACTION | |
| Get a 20% Purchase Match up to $100 in Bonus Funds! | ACTION | |
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TBD - Re-launching legally in the US soon |
TBD - Re-launching legally in the US soon |
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TBA - Launched in the US in December 2025 |
TBA - Launched in the US in December 2025 |
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TBD |
TBD |
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Bet $5 Get $250 in Bonus Bets If Your Bet Wins! (for sportsbook) |
Sign up with our FanDuel Sportsbook promo code link! |
Withdrawals & Deposit Options
PrizePicks offers a handful of different payment options for deposits and withdrawals.
Deposits
- Visa debit cards
- Mastercard debit cards (some restrictions based on location)
- Instant Bank Transfer
- Apple Pay (only for deposits, not withdrawals)
Withdrawals must always be done to a form of payment you have used to deposit funds into PrizePicks. Consider this before you deposit!
Withdrawals
- Visa debit cards
- Mastercard debit cards (some location restrictions)
- Instant Bank Transfer
Customer Support
- Live chat: 24/7
- Email support: Support@PrizePicks.com
- Help center/FAQ pages
Responsible Gaming on PrizePicks Prediction Markets
PrizePicks' background as a daily fantasy sports platform gives it a competitive advantage as it is now offering prediction market contracts to its user base.
Since prediction markets are classified as derivatives markets, they're not subject to the same regulations sports betting and daily fantasy sports operators are. They are not required to offer the same kind of responsible gaming tools, since they're closer to a stock market exchange.
PrizePicks already has responsible gaming tools built into its suite of products, so its partnership with Kalshi will give it a leg up and allow it to utilize controls like deposit limits and wager and time limits spent on the site.
This will be a benefit to PrizePicks customers who are new to prediction markets, as they will have support with maintaining responsible gaming habits. Prediction market users will also enjoy having the controls in place. Financial markets can also be grounds for bad investing behavior.
Action Network's Expert PrizePicks Prediction Markets Tips
PrizePicks partnering with Kalshi to offer event contracts within the PrizePicks interface is a win-win for users and the operator. PrizePicks gets to offer event contracts and team-based outcomes to their people in their user base who are already familiar with predicting performance outcomes.
The depth of products they offer increases and makes their existing users more loyal. They stay competitive with other daily fantasy operators who are also forming partnerships with prediction markets to expand their offerings to their userbase.
For users, it's a boon to have event contracts within the PrizePicks app because they don't have to create another account to take advantage of this new opportunity.
Kalshi contracts are ported in, managed and settled by Kalshi. Between being able to buy event contracts on sports outcomes and pop culture outcomes, there's something for everybody at PrizePicks Prediction Markets.
If it's your first time trying PrizePicks prediction markets as a new user, here's our 3 suggested tips for trying prediction markets for the first time:
- 1. Pick a market you know - if you're not a reality TV fan, it's not time to start making guesses about who is on Love Island.
- 2. For your first trade, pick an event that isn't too far in the future - an NFL game at the end of the week is a perfect fit. You'll get better at prediction markets as you make more trades and understand the ebbs and flows of market movement.
- 3. Have fun - prediction markets can turn everything into excitement!
PrizePicks prediction markets are a product from a partnership between PrizePicks and Kalshi for event contracts that are now on the PrizePicks app.
PrizePicks Culture Picks lets users bring the fun of prediction markets to Hollywood, pop culture, and entertainment. Users can speculate on outcomes of movie releases, album ratings, and the latest reality TV show predictions.
PrizePicks is legit for prediction markets because it partners with Kalshi, which is a fully regulated derivatives market by the Commodity Futures Trading Commission. It is a different type of market from PrizePicks, which offers daily fantasy sports pick 'em contests.
PrizePicks prediction markets are offered in many U.S. states. Here are the states that have either type of PrizePicks prediction market:
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Team Picks: AK, AL, AR, GA, HI, ID, MS, MT, NE, OK, OR, SC, SD, TX, WA
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Culture Picks: AK, AL, AR, CO, CT, DE, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MO, MS, MT, NC, NE, NH, NJ, NY, OH, OK, OR, PA, SC, SD, TX, VT, WA, WV, WY, DC
PrizePicks is registered as an FCM (Future Commissions Merchant), which allows them to list Kalshi contracts within the PrizePicks interface. All contracts displayed in the PrizePicks interface are listed on Kalshi, and outcomes are tied to the Kalshi platform.
PrizePicks payouts for prediction markets work similarly to Kalshi and other prediction markets. Users pick either side of a yes/no question. When the outcome comes through, shares of "yes" are paid out at $1 per share. Shares of no are not paid out. The profit is determined by when you bought the outcome, so if you purchased the yes outcome when market sentiment was low, you'll make a nice profit.