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PrizePicks Valued at $2.5 Billion in Sale as Gaming Lines Blur
Yahoo Finance·2025-09-22 15:25

Swiss gaming giant Allwyn has reached an agreement to buy a majority stake in PrizePicks in a deal that values the daily fantasy platform at $2.5 billion. The move comes with the U.S. gaming industry in chaos; it’s become harder and harder to define what sports gambling is, or how it should be regulated. More from Sportico.com Prediction marketplace Kalshi is advertising that it “makes legal sports betting possible in all 50 states,” operating outside of the industry’s traditional regulation and tax stru ...