Allwyn has actually sealed its standing in the B2C side of the American wagering, video gaming and entertainment spaces by finishing its majority acquisition of PrizePicks.
The Swiss-based company is now the complete owner of 62.3% PrizePIcks shares, corresponding to a stake of simply under $1.6 bn - though it is still based on some post-closing modifications and does not consist of particular performance-based earnouts.
Regards to Allwyn's bulk stake in PrizePicks were first inked back in September 2025 in an offer which valued the American day-to-day dream sports (DFS) platform at around $2.5 bn.
Prior to the accusation, Allwyn was active in the US however its operations there were mostly B2B, along with its contract to handle the Illinois state lottery.
"We are thrilled to support and participate in the next stage of PrizePicks' development," stated Robert Chvatal, CEO of Allwyn.
"This financial investment advances Allwyn's strategy to construct a diversified worldwide entertainment platform and considerably strengthens our presence in the United States.
"I eagerly anticipate working closely with Mike and the skilled PrizePicks team to deliver a lot more compelling experiences for fans around the world."
Allwyn's stake in forecasts
The acquisition of PrizePicks has actually established Allwyn as one of the world's most dominant gambling PLCs - it is now the 2nd largest betting PLC internationally after Flutter Entertainment and the largest listed lottery game business in the world.
This status was later on reaffirmed by Allwyn's merger with OPAP, the operator of the Greek nationwide lottery game and a major sports betting company in the Mediterranean country. Allwyn and its parent company KKCG currently preserved a stake in OPAP prior to this.
Since terms were agreed for a bulk takeover, PrizePicks has continued to concentrate on product advancement and growth into new areas. The company is currently one of the two most significant DFS platforms in the US, alongside Underdog Sports.
It now has new horizons on its mind, however. Almost right away after Allwyn got its bulk stake in PrizePicks, the DFS platform started taking the necessary regulatory actions to go into the US forecasts markets space, and in November it penned offers with Kalshi and Polymarket to launch its own predictions platform.
As forecasts are regulated by the Commodity Futures Trading Commission (CFTC), PrizePicks is effectively able to run this product nationally.
The company has taken its Team Picks, a sports team-based result kind of forecasts very similar to traditional win/lose sports wagering markets, live in 30 states and the District of Columbia. It also has a 'Culture Picks' product, concentrating on home entertainment and cultural events.
Mike Ybarra, CEO of PrizePicks, added: "Today marks a defining minute for PrizePicks. Allwyn's worldwide scale, functional competence, and long-term approach make them a perfect partner as we continue to grow and evolve.
