PrizePicks becomes first daily fantasy sports operator in Puerto Rico
- The San Juan Daily Star
- Jul 29
- 2 min read
By The Star Staff
PrizePicks has successfully obtained its licensure in Puerto Rico, marking a significant milestone as it becomes the first daily fantasy sports (DFS) operator officially approved to operate in this US territory.
While the company’s launch in Puerto Rico is not expected immediately, plans for this expansion are anticipated in the coming months, indicating that preparations are already in progress, according to reports from Next.io
This licensure comes at a crucial time, as the legal status of DFS operators faces increasing scrutiny in various US states. Recent legislative and regulatory actions have aimed to clarify the differences between skill-based fantasy contests and fixed-odds sports betting. Some jurisdictions have introduced bans or restrictions on certain DFS formats that resemble traditional betting mechanics, the report said.
In light of these developments, PrizePicks’ licensure in both Puerto Rico and an additional license obtained in Maine reflects its commitment to solidifying regulatory compliance amidst changing industry expectations. The gaming landscape in Puerto Rico is still evolving, with the Puerto Rico Gaming Commission working to establish a more comprehensive framework for gaming, which includes fantasy sports and sports betting.
PrizePicks’ entry into the Puerto Rican market may encourage other operators to consider expansion into similar emerging markets, where obtaining early licensure can provide a competitive advantage. Adam Packer, SVP of legal and compliance at PrizePicks, mentioned that the company has seen strong engagement across the US and is optimistic about continuing this trend in Maine and Puerto Rico.
The company’s strategic expansion demonstrates its awareness of the diverse state and territory-specific gaming regulations, especially as consumer protection and responsible gaming become increasingly important. Earlier this year, PrizePicks distinguished itself as the first and only DFS operator to receive iCAP accreditation from the National Council on Problem Gambling, which serves as a standard for operators that prioritize user safety. This accreditation includes rigorous guidelines for responsible gaming practices, protective user features, and proactive educational initiatives.
Overall, the addition of Puerto Rico to PrizePicks’ operating territory enhances geographic diversity and underscores the growing relevance of smaller or developing gaming jurisdictions in the broader national DFS dialogue.
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