PrizePicks suspends Team Picks in Missouri
PrizePicks is suspending its Team Picks product in Missouri, saying new legal requirements for prediction markets in the state leave it no choice. The company announced the move in a social media post on October 7, 2026.
“Due to updated legal requirements for prediction markets in Missouri, PrizePicks is required to suspend Team Picks in the state,” the company said in the post, as first reported by Casino.org.
Team Picks, introduced by the company last year, lets customers bet on game winners, spreads and over/unders. The suspension applies only in Missouri; the company gave no end date for the withdrawal.
The enforcement backdrop
The move comes amid a crackdown by Missouri Attorney General Catherine Hanaway on unlicensed prediction-market operators. Hanaway recently sent cease-and-desist letters to six companies, including Novig, Polymarket, Robinhood and Underdog. PrizePicks was not among them.
“Missourians voted for a safe, well-regulated sports wagering market that supports public education and addresses problem gambling,” Hanaway said in a statement. “Companies cannot repackage sports bets as ‘event contracts’ to avoid Missouri law.” She added that any company offering sports wagering in Missouri must hold a Missouri Gaming Commission license, pay the required taxes and fees, and keep betting restricted to people 21 and over.
Why the state is guarding its market
Online sports betting went live in Missouri in December 2025. In its first four months, average handle per betting-age adult stood at $245, a figure the state says bests numbers seen in Kentucky and North Carolina. Tax collections, though, reached $8.6 million as of the end of July, held down by heavy promotional deductions credited to operators. Of that, $3.21 million went to public schools and $5 million to problem gambling initiatives, and Missouri media reported the total was ahead of first-year projections.
PrizePicks is majority owned by Allwyn, the Swiss lottery operator that paid $1.6 billion in September 2025 for a 62.3% stake valuing the company at $2.5 billion. PrizePicks has not said whether it will seek a Missouri Gaming Commission license for the product.
When he is not analysing the latest compliance updates or dissecting quarterly operator results, Florian follows Bundesliga football closely and maintains a healthy skepticism toward anyone claiming to have cracked a winning betting system. He brings a grounded, insider-aware perspective to his writing and is always more interested in the structural story behind the headline than the headline itself.