We haven’t seen a New York return like this since Willis Reed walked back into Madison Square Garden during game seven of the 1970 NBA finals.
PrizePicks today announced it has been awarded an interactive fantasy sports operating license by the New York State Gaming Commission. The daily fantasy sports company announced it will begin operating peer-to-peer DFS games in the Empire State in the coming weeks.
PrizePicks shut down its paid DFS contests in the state in February 2024.
Back in the New York Groove
Following a legal settlement with the New York State Gaming Commission in 2024, PrizePicks worked with state gaming regulators to ensure its peer-to-peer contests were within New York’s fantasy sports requirements.
“New York is home to some of the most passionate sports fans in the country, and we know they will be excited to have PrizePicks back,” said Mike Ybarra, CEO of PrizePicks. “We’re thrilled to offer a great entertainment experience that elevates how they engage on game day and beyond.”
New York is the 16th state to ratify PrizePicks’ contests can be offered as games of skill under its fantasy sports laws.
“We want to thank the New York State Gaming Commission for their collaboration and recognition of our peer-to-peer offering as a fantasy sports contest,” said Jason Barclay, PrizePicks’ Head of Public Policy and Chief Legal Officer. “We worked diligently to design a game that meets the Commission’s rigorous standards, and New York’s decision underscores the idea that innovation in fantasy sports can thrive within a clear regulatory framework.”
In the Works For Last Two Years
PrizePicks altered its New York contests in 2024 after the New York State Gaming Commission amended its daily fantasy sports rules to prohibit contests that mimic proposition bets. The criteria for DFS games are clear, as they prohibit any and all games that resemble proposition betting.
“These would include statutory standards as well as a requirement that contests shall not be based on proposition betting and shall not have the effect of mimicking proposition betting. Contests in which a contestant chooses whether an individual athlete or a single team will surpass an identified statistical achievement would be prohibited,” a paragraph of the approved rules reads.
Since the rule changes, PrizePicks only offered its free-to-play contests in the state.
PrizePicks to Re-Enter New York After Receiving DFS License Saturday Down South.
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