Key Moments:
- Performance Predictions, a PrizePicks affiliate, has received a futures commission merchant license from the National Futures Association.
- The company can now process orders for futures contracts on regulated designated contract markets.
- Allwyn recently disclosed plans to acquire a 62.3 percent ownership stake in PrizePicks.
NFA Grants FCM Registration
Performance Predictions, a subsidiary of SidePrize operating as PrizePicks, has secured futures commission merchant registration from the National Futures Association. With this new license, PrizePicks gains the ability to handle member orders involving the purchase and sale of futures contracts on designated contract markets regulated by the Commodity Futures Trading Commission.
A massive week for news at PrizePicks!
📢@PrizePicks becomes the First Sports Entertainment Operator to Receive FCM Registration from the NFAhttps://t.co/Jqxs3YlNNY
— Elisa Richardson (@ElisaRichardson) September 23, 2025
Industry Leadership and Regulatory Compliance
“The honour of being the first sports entertainment platform to receive a FCM registration from the NFA is a testament to our industry-leading compliance and consumer protection programs that both the NFA and CFTC demand,” said Mike Ybarra, CEO of PrizePicks.
“Acting chairman Caroline Pham’s vision for the CFTC promotes innovation while reinforcing the importance of strong regulatory standards. Her leadership has set a thoughtful tone for the agency and our industry.”
Recent Ownership Developments
Earlier this week, an announcement revealed that Allwyn intends to purchase a 62.3 percent interest in PrizePicks.
| Entity | Action | Details |
|---|---|---|
| Performance Predictions (PrizePicks) | NFA FCM Registration | Approved as a futures commission merchant by the National Futures Association |
| Allwyn | Stake Acquisition | Initiated the purchase of a 62.3% stake in PrizePicks |
- Author
Daniel Williams
