PrizePicks suspends Team Picks in Missouri

PrizePicks has suspended Team Picks, its sports event-contract offering, for customers in Missouri, saying updated state legal requirements required the halt.

The company stopped accepting new Team Picks from users located in Missouri. Existing picks remain active, with winnings credited to customer balances when markets close; customers can withdraw funds at any time. PrizePicks said Missouri users travelling to states where it operates can access the game modes available there.

Team Picks lets users make predictions on game winners, spreads and over-under outcomes. Individual contracts are priced between $0 and $1 according to the outcome’s popularity, and the products can be combined with Player Picks. Culture Picks remain available in Missouri.

The offering was available in 34 states at the time of the suspension. PrizePicks had introduced prediction markets through Performance Predictions II, LLC, doing business as PrizePicks Predict, a Commodity Futures Trading Commission-registered futures commission merchant, in partnership with Kalshi in November 2025. At that launch, Team Picks and/or Culture Picks were offered in 38 states and Washington, D.C., with availability varying by state.

Missouri’s attorney general has separately maintained that facilitating sports event contracts constitutes unlicensed sports wagering under state law. The office says any company offering sports wagering must be licensed by the Missouri Gaming Commission, pay applicable taxes and fees, and prevent people under 21 from placing bets.

The state sent cease-and-desist letters to Kalshi, Polymarket, Crypto.com, Novig, Underdog and Robinhood, but PrizePicks was not among the recipients. As we reported in September, Missouri ordered those six operators to stop offering sports-related event contracts unless they obtained sports-wagering licences.

Missouri voters approved Amendment 2 in 2024, putting the Gaming Commission in charge of a regulated sports-betting market that launched Dec. 1, 2025. The framework permits wagering through licensed mobile and online platforms and at authorised in-person locations, and taxes sports-betting gross receipts at 10%.

The dispute sits within an unsettled regulatory landscape. Missouri’s attorney general has argued that federal court decisions support the application of state gambling laws to online sports-wagering platforms and that sports event contracts are not swaps under the Commodity Exchange Act. Other reporting has found that federal courts have issued mixed decisions on whether state gaming laws apply to sports prediction markets.