According to sources in the industry, PrizePicks is working with investment bank Moelis & Co. on potential mergers and purchases.
Atlanta’s company, which is the largest DFS operator in North America and claims to be the biggest DFS provider in North America, does not actively seek a sale. The company is clearly interested in expanding its reach through strategic acquisitions or partnerships, as well as raising money to compete with market leaders DraftKings & FanDuel.
Bloomberg was the first news outlet to break the rumor about Moelis & Co.
PrizePicks is unique in DFS gaming with its approach. PrizePicks is different from traditional DFS platforms that allow users to draft teams. Instead, users can predict over/under based on player stats and fantasy scores. PrizePicks has recently made its way into several regulated market, which can help to strengthen the viability and sustainability of its business.
DraftKings and FanDuel both offer more
DraftKings FanDuel are the DFS giants. They offer more contests including head-to-head and massive tournaments. The two giants in the DFS market offer a wider range of contests, including massive tournaments and head-to-head games.
The Bloombergrumor is circulating as PrizePicks navigates a complicated regulatory environment for DFS operators and DFS+ in the US. DFS has seen rapid growth, as companies have sought to capitalise on sports betting’s growing popularity.
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