PrizePicks Secures Gaming License for Fantasy Sports in New York
PrizePicks Secures Exciting New Gaming License
PrizePicks, a leader in sports entertainment, has made a significant stride by obtaining an interactive fantasy sports operating license from the New York State Gaming Commission. This milestone allows PrizePicks to re-enter the New York market with an innovative peer-to-peer offering, enhancing the experience for passionate sports enthusiasts.
Embracing New Opportunities in New York
With its anticipated launch set for the coming weeks, PrizePicks is poised to capture the attention of sports fans who are eager for engaging and interactive gameplay. Mike Ybarra, the CEO of PrizePicks, expressed enthusiasm for the company’s return to New York, stating, "We know they will be excited to have PrizePicks back. We're thrilled to offer a great entertainment experience that elevates how they engage on game day and beyond." This excitement reflects the strong fan culture present in New York.
Complying with Strict Gaming Regulations
PrizePicks' journey to secure this license followed a legal settlement with the New York Gaming Commission in the previous year. Since then, the company has worked diligently with state regulators to ensure that its peer-to-peer contests meet the same rigorous standards that govern fantasy sports in New York. With this approval, New York becomes the 16th jurisdiction to formally recognize that PrizePicks' offerings are skill-based games under the applicable fantasy sports laws.
Innovation in Fantasy Sports
Jason Barclay, PrizePicks' Head of Public Policy and Chief Legal Officer, stated, "We want to thank the New York State Gaming Commission for their collaboration and recognition of our peer-to-peer offering as a fantasy sports contest. New York's decision underscores the idea that innovation in fantasy sports can thrive within a clear regulatory framework." This positive development showcases the commitment to compliance and innovation in the fantasy sports sector.
Commitment to Responsible Gaming
As PrizePicks expands its footprint, it remains dedicated to promoting Responsible Gaming. In a noteworthy achievement, the company earned iCAP accreditation from the National Council on Problem Gambling (NCPG) for its impactful Responsible Gaming efforts. This makes PrizePicks the first and only fantasy sports operator to receive this important certification, demonstrating its commitment to player safety and responsible practices.
Focus on Enhancing the Sports Experience
Headquartered in Atlanta, Georgia, PrizePicks is steadfast in its mission to deliver innovative skill-based fantasy games across various jurisdictions. Operating in more than 45 markets, the company is focused on enhancing the overall sports experience through engaging platforms and responsible practices. As it prepares to launch in New York, the team is excited about the potential for connecting with sports fans and delivering a unique gaming experience.
About PrizePicks
PrizePicks is the preeminent sports entertainment operator within the United States. With a focus on exciting, skill-based fantasy gaming, the company strives to connect sports fans nationwide in new and exhilarating ways. By adhering to high standards of regulation and responsible gaming, PrizePicks remains a trusted name for sports enthusiasts looking to enhance their interaction with their favorite games.
Frequently Asked Questions
What is the purpose of the new gaming license awarded to PrizePicks?
The gaming license enables PrizePicks to operate its peer-to-peer fantasy sports contests in New York, enhancing user engagement.
When will PrizePicks launch its offerings in New York?
The company plans to launch its gaming offerings in New York within the upcoming weeks, targeting local sports fans.
How does PrizePicks ensure responsible gaming practices?
PrizePicks has earned accreditations for its responsible gaming efforts, showing its commitment to player safety and well-being.
Who is leading the company in its New York initiatives?
Mike Ybarra, the CEO, along with legal expert Jason Barclay, are at the forefront of PrizePicks' initiatives in New York.
What is the mission of PrizePicks?
PrizePicks aims to provide engaging and innovative fantasy sports experiences while prioritizing responsible gaming across all jurisdictions.
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