Allwyn Cements PrizePicks Majority Ownership > 자유게시판

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Allwyn has cemented its standing in the B2C side of the American betting, gaming and entertainment spaces by finishing its bulk acquisition of PrizePicks.

The Swiss-based firm is now the complete owner of 62.3% PrizePIcks shares, relating to a stake of simply under $1.6 bn - though it is still subject to some post-closing adjustments and does not include specific performance-based earnouts.

Terms of Allwyn's bulk stake in PrizePicks were first inked back in September 2025 in an offer which valued the American day-to-day fantasy sports (DFS) platform at around $2.5 bn.

Prior to the allegation, Allwyn was active in the US but its operations there were mostly B2B, together with its contract to manage the Illinois state lottery game.

"We are delighted to support and take part in the next phase of PrizePicks' development," said Robert Chvatal, CEO of Allwyn.

"This financial investment advances Allwyn's technique to build a diversified global entertainment platform and substantially enhances our existence in the United States.

"I look forward to working carefully with Mike and the skilled PrizePicks team to deliver even more for fans around the globe."

Allwyn's stake in forecasts

The acquisition of PrizePicks has actually established Allwyn as one of the world's most dominant gaming PLCs - it is now the 2nd biggest betting PLC worldwide after Flutter Entertainment and the biggest listed lottery company on the planet.

This status was later on declared by Allwyn's merger with OPAP, the operator of the Greek nationwide lottery game and a significant sports wagering company in the Mediterranean nation. Allwyn and its moms and dad firm KKCG already kept a stake in OPAP prior to this.

Since terms were agreed for a majority takeover, PrizePicks has actually continued to focus on item development and expansion into new areas. The firm is already among the two most significant DFS platforms in the US, alongside Underdog Sports.

It now has brand-new horizons on its mind, however. Almost immediately after Allwyn obtained its bulk stake in PrizePicks, the DFS platform started taking the required regulative steps to go into the US predictions markets area, and in November it penned handle Kalshi and Polymarket to introduce its own predictions platform.

As predictions are managed by the Commodity Futures Trading Commission (CFTC), PrizePicks is successfully able to operate this product nationally.

The company has actually taken its Team Picks, a sports team-based outcome kind of forecasts really similar to traditional win/lose sports wagering markets, live in 30 states and the District of Columbia. It likewise has a 'Culture Picks' item, focusing on entertainment and cultural occasions.

Mike Ybarra, CEO of PrizePicks, included: "Today marks a defining minute for PrizePicks. Allwyn's international scale, functional know-how, and long-lasting method make them a perfect partner as we continue to grow and evolve.