Prizepicks wins the approval of the CFTC, in the middle of a new announcement -

The fantastic sports company Prizepicks has been officially approved as the merchant of the future commission, which could open the doors to the prediction markets.

It is “PRESSIONS PRESDICTIONS II LLC” which won approval, which is an entity under the aegis of Prizepicks. On the official NFA website, the company is approved by the member of the NFA and the CFTC has registered as the merchant of the future commission.

This occurs after the company of Prizepicks published the Great News on Monday, September 22, that the game entertainment company led by the Allwyn International AG lottery acquires a majority participation in Prizepicks.

The duo concluded a final agreement this week, Allwyn agreeing to buy a participation of approximately 62.3% in Prizepicks for an expected initial cash counterpart of $ 1.6 billion, which implies an initial business value of $ 2.5 billion.

The agreement continues to suggest that if the daily fantastic sports operator reaches certain performance measures over the next three years, an additional counterpart in the agreement could increase the value of the implicit company to a maximum of $ 4.15 billion.

Prizepicks will work as an autonomous brand within Allwyn

In the announcement, the transaction was described as a “unique opportunity to seize the sports and strategically entertainment industry in the United States for Allwyn. This also means that it can extend its activities in the country beyond its existing functioning of the Illinois lottery.

Karel Komarek, founder and president of Allwyn, said: “This acquisition will continue to stimulate the momentum of Allwyn and expand our business in the United States. Prizepicks has established its references as a pioneer of industry, revolutionizing the way in which fans engage with the athletes they love, rendering the competitions more exciting and immersive.

In the future, Prizepicks will operate as an autonomous brand within Allwyn and will be directed by its CEO Mike Ybarra and the existing management team which will keep the majority of their interest in existing property.

Mike Ybarra, CEO of Prizepicks, said: “Today marks the start of a new exciting chapter for Prizepicks and our growing community of players. There has never been a higher time to shape the future of fans’ entertainment.

“By joining Allwyn, a sharing and disruptive disruptive company that shares our passion for daring innovation of products, we will speed up our mission to make our games more interactive, engaging and gratifying for fans around the world.”

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