Allwyn to acquire majority stake in PrizePicks, creating a new force in global entertainment

▤ Summary

Allwyn has agreed to acquire about 62.3% of PrizePicks in a deal that values the daily fantasy sports operator at an upfront enterprise value of $2.5 billion. The transaction will give Allwyn a larger foothold in the U.S. sports and entertainment market while letting PrizePicks operate as a standalone brand. PrizePicks will keep its current leadership team, including CEO Mike Ybarra, and expects to use Allwyn’s scale and resources to accelerate product innovation and fan engagement. The deal is expected to close in the first half of 2026, subject to regulatory approvals and other closing conditions.

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