The company says state gambling law cannot reach its federally regulated prediction markets, setting up a clash over the Supremacy Clause.
Drafts will shut in seven states after the NFL kickoff, as the company keeps its CFTC-regulated business and lets existing entries finish.
Atlanta-based PrizePicks achieves unprecedented success, capturing 73.7% of the market and generating $1.6 million in March.
The Atlanta-based startup had FanDuel MI’s number two spot for three consecutive months, but the Flutter brand lurched ahead in May. Still, PrizePicks remains a force heading into the 2022 NFL season.
The Atlanta-based startup has proven to be a disruptive force in the market, grabbing a record 29.5% market share & posting a record revenue of $389k in April.
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