PrizePicks Predict (Team & Culture Picks)

What it is

PrizePicks is best known for daily fantasy sports, and that product — Player Picks, run by SidePrize LLC — is out of scope here. This card is about the other half of the app: Team Picks and Culture Picks, which are event contracts.

The site-wide footer is the one sentence to read first: "Team Picks and Culture Picks are event contracts offered by Performance Predictions II, LLC d/b/a PrizePicks Predict, a CFTC-registered FCM and NFA Member." PrizePicks launched the product on 14 November 2025, and the launch release says that "all event contracts listed on PrizePicks are Kalshi markets".

PrizePicks is the broker, not the exchange. NFA BASIC lists Performance Predictions II LLC (NFA ID 0571411) as a registered futures commission merchant and approved NFA member since 22 September 2025, doing business as PrizePicks Predict, with activity "exclusively limited to swaps". Its disclosure document under CFTC Regulation 1.55, dated 16 June 2026, states that the firm is a clearing member of Kalshi Klear and a member of KalshiEx LLC, that the contracts it handles are "executed on KalshiEx, cleared through Kalshi Klear, and are regulated as cleared swaps", and that it self-clears them. So the structure is the same as Robinhood's — a broker in front of Kalshi — except that PrizePicks' FCM clears for itself and routes to one exchange, not three.

Polymarket is announced, not live. PrizePicks announced a multi-year partnership with Polymarket on 11 November 2025, three days before launch. Neither the launch release nor the FCM disclosure of June 2026 names any exchange besides Kalshi.

Two accounts in one app. The customer agreement requires a fantasy account with SidePrize before an Event Contract Account can be opened, and the event account can only be funded from the PrizePicks account. The app shows two balance tabs, one for Players and one for Teams and Culture. The difference is not cosmetic: cash in the event account gets CFTC Part 22 segregation and Part 190 bankruptcy protection, and the agreement states that once it is moved back to the PrizePicks account it no longer does.

The price is shown as a payout multiplier. Each pick is a contract between $0.00 and $1.00 that pays $1.00 if it is right; the app presents it as an estimated payout on the amount you choose to spend, which it calls the entry fee.

Availability

US residents, 18 or older or the legal age where they live, and the state map is not the fantasy map. PrizePicks' eligibility article (last updated 14 September 2026) splits the country by pick type:

• Team and Culture Picks: 18+ in Alaska, Arkansas, California, Florida, Georgia, Indiana, Kansas, Maine, Minnesota, Missouri, North Carolina, North Dakota, Nebraska, Oklahoma, Oregon, South Carolina, Rhode Island, South Dakota, Tennessee, Texas, Utah, Vermont, West Virginia, Wyoming and Wisconsin; 19+ in Alabama; 21+ in Virginia; and 18+ in Idaho, Hawaii, Iowa, Louisiana, Montana, Mississippi and New Jersey, where fantasy Player Picks are not offered.
• Culture Picks but not Team Picks: Delaware, Kentucky, New Hampshire, New Mexico and DC at 18+, Colorado at 19+, Illinois and Massachusetts at 21+; and Michigan, Pennsylvania, Connecticut, Ohio and Maryland at 18+, which get Culture Picks only.
• Neither: Arizona and New York (fantasy only), and Nevada and Washington, which the page does not list at all.

That is Team Picks in 34 states and Culture Picks in 46 states plus DC, counted from that page. PrizePicks' own pages disagree with each other. The older "Where can I play" article carries a state table dated 19 May 2026, gives two different Team Picks counts in its prose, and puts Iowa at 21+ where the eligibility page says 18+. The eligibility page is the newer of the two, and this card follows it.

Enforcement is by physical location: "you will need to follow the rules of the region where you are physically located while accessing the app", and outside an eligible region the platform is inaccessible until you return. VPNs are prohibited, and an account caught using one is blocked from depositing, withdrawing and submitting picks.

KYC is PrizePicks' standard check — name, date of birth and address against a government ID, sometimes a selfie, and US citizenship, permanent residency or a valid US visa — plus a second verification for Team and Culture Picks, proving a valid Social Security number. A Taxpayer Identification Number is not accepted, even from a member who already passed the first check.

Pricing

A flat commission per contract per side, from PrizePicks Predict's fee schedule (as of 27 October 2025): "$0.005-$0.02 per contract, per side (i.e., opening or closing a position)". The table behind it is half a cent per contract at 1¢, a cent at 2¢, 1.5 cents at 3¢, and $0.02 at every price from 4¢ to 99¢. Totals round up to the nearest cent, and each order has a $1 minimum purchase.

The help centre states when it applies: the fee is added to the entry fee when you buy and taken out of the proceeds when you sell. Nothing is charged if you hold the pick to its closing date.

Why the fee fields read 2%. At 50 cents the commission is $0.02 against a $1 payout, which is 2% of the payout, or 2¢ a contract. The same figure goes in both fields because the schedule makes no maker-taker distinction, and orders cannot rest in any case (see below). A round trip — buy and sell before the close — is 4¢ a contract. And because the commission is flat while Kalshi's own fee is a curve, the gap to Kalshi direct widens towards the extremes: at 10¢ it is 2¢ here against Kalshi's 0.63¢.

What the schedule does not quote is a separate exchange fee. Robinhood's schedule adds KalshiEX's $0.01 a contract on top of its commission; PrizePicks' quotes only its own commission. It does reserve the right to charge "all brokerage commissions, fees, and other costs incurred or owed in connection with the execution and clearing of Contracts", fees imposed by any DCO or regulator, and service fees such as wire and statement fees, and to vary rates for promotions. Kalshi's own fee schedule says that users reaching Kalshi through an FCM may be charged fees that differ from Kalshi's. We found no exchange-fee line on any PrizePicks page, and we have not funded an account to see a confirmation.

Funding is narrower than for fantasy. Only Visa and Mastercard debit cards (Mastercard not in South Carolina), instant bank transfer, and Apple Pay backed by one of those debit cards can fund Team and Culture Picks; PayPal, Venmo and credit-card deposits cannot, and the bonus balance cannot be used either. Deposits and withdrawals have a $10 minimum, withdrawals are limited to one in 24 hours, and neither help article names a fee.

Markets & resolution

Team Picks are winners, spreads, totals and futures on sporting events; Culture Picks are one-of-two outcomes on non-sports events, which the product page illustrates with award shows and music charts. Every one is a Kalshi market, and none is PrizePicks'.

PrizePicks resolves nothing. Its risk disclosure says the outcome is determined and reported by the entity designated in the contract, and the per-market "view full rules" link is to Kalshi's terms. Payouts arrive once a pick reaches both its closing time and the payout date shown on the details screen. The outcome rules are on Kalshi's card.

Order handling is narrow. The customer agreement requires every order to be a limit order priced no more than 5% above or below the current market price; an order that cannot fill expires "shortly thereafter", and partial fills are not permitted. When exiting, you may have to sell in the lot sizes you bought. In practice that is a fill-or-kill ticket against Kalshi's book, not a resting order on it.

PrizePicks' own market maker may be on the other side. The FCM disclosure names an affiliate, Performance Predictions III LLC, as a market maker or liquidity provider on the exchanges where the firm executes customer orders, "including in the same contracts", that "may be the direct or indirect counterparty to, or take the opposite side of, customer orders" and may get reduced or rebated fees and other terms customers do not. Customers consent to this in the agreement. The book is Kalshi's and other members trade on it too, but the firm selling you the contract has an affiliate positioned to take the other side.

Combination lineups straddle the two products. A Power Play lineup can mix at least two fantasy Player Picks with eligible Team Picks, up to six picks. The customer agreement calls this a Combination Trade: the event-contract leg sits in the FCM account, and if it does not profit, the fantasy leg is not funded. Only the event-contract leg is a Kalshi contract; the rest is fantasy, run by a different entity under different rules.

Integrations

None. There is no public API, WebSocket or export for Team and Culture Picks; this is a consumer app. Anyone who wants programmatic access to the same contracts should read the Kalshi API.

PrizePicks issues a Form 1099-B for Team and Culture Picks, reporting gains and losses from buying and selling event contracts, the following February — a different form from the 1099-MISC it sends fantasy players at $600 or more.

Limitations

• The fantasy app's reach is not this product's. The product page says "Available in All 50 States"; Team Picks reach 34 and Culture Picks 46 plus DC, and four states get neither.
• PrizePicks' own availability pages disagree on the count and on at least one state's age.
• Limit orders within 5% of the market, no partial fills, no resting. The ticket is simpler than Kalshi's and gives you less control over the price.
• A flat 2¢ a side is expensive away from the midpoint, and the schedule leaves room for further execution and clearing charges it does not quantify.
• An affiliated market maker may take the other side of your order, on better fee terms than yours.
• One exchange. Every contract is Kalshi's; the announced Polymarket route is not in the FCM's disclosures.
• Free editorial "picks" sit next to the markets. The PrizePicks Playbook publishes daily articles under headlines such as "Colts vs. Commanders Prediction, Spread, NFL Picks", quoting live Team Picks payouts, with a disclaimer that they are not investment advice. They are free and separate from the order ticket, and nothing places an order for you.
• Nobody here has funded an account. Everything above is read from PrizePicks' help centre, FCM regulatory documents, newsroom and product page, and from NFA BASIC, on 3 October 2026; PrizePicks' own pages re-checked on 4 October.

Alternatives

Kalshi direct trades the same contracts with Kalshi's curve fee in place of a flat 2¢, a resting order book and an API, from 18 and in more states. Robinhood is the other broker route to Kalshi, with a commission capped at a cent plus Kalshi's exchange fee. For sports only, Novig and ProphetX are designated exchanges in their own right, with no broker layer.