PrizePicks Becomes the First Sports Entertainment Operator to Receive FCM Registration from the NFA
Praises CFTC for Fostering a Pro-Innovation Environment
ATLANTA, GA – September 23, 2025 – PrizePicks announced today that Performance Predictions II, LLC, a subsidiary of its parent company, SidePrize LLC, has become the first company affiliated with a fantasy sports operator to be registered as a Futures Commission Merchant (FCM) by the National Futures Association (NFA). This designation allows PrizePicks to accept orders from its members to buy and sell futures contracts offered by Designated Contract Markets (DCMs) that are regulated by the Commodity Futures Trading Commission (CFTC).
“The honor 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."
Jason Barclay, Chief Legal Officer and Head of Public Policy for PrizePicks said, “As the nation’s leader in predictions, this is a defining moment for us. We are grateful to the NFA for its thoughtful process and diligent work on our application.”
PrizePicks looks forward to continuing its collaboration with the CFTC and NFA to bring new, consumer-friendly solutions to the industry and ensure the company meets the highest standards of regulatory compliance. This FCM registration solidifies PrizePicks’ ongoing dedication to providing secure, responsible, and enjoyable predictions experiences for its members nationwide.
About PrizePicks
PrizePicks is the largest daily fantasy sports operator in the United States. Headquartered in Atlanta, GA, PrizePicks offers innovative skill-based fantasy games that engage and excite sports fans nationwide. Operating in 46 jurisdictions and continuing to expand, PrizePicks is dedicated to enhancing the sports experience for all. Download the PrizePicks app on iOS and Android. For more information, visit www.prizepicks.com.
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