PrizePicks has suspended its Team Picks offering in Missouri, saying updated legal requirements for prediction markets in the state required the move. The company announced the change on social media and told customers it would no longer accept new Team Picks from users located in Missouri.
Existing Team Picks will remain active, with winning selections credited to customer balances when their markets close. PrizePicks said customer funds remain safe and can be withdrawn at any time; users travelling to a state where it operates retain access to the game modes available there.
Team Picks allow customers to take positions on game winners, point spreads and over-under outcomes, making the product similar to conventional sports bets. The contracts are priced individually, between $0 and $1 depending on the popularity of an outcome, and can be combined with PrizePicks’ Player Picks in a parlay-style selection.
The company introduced Team Picks in 2025, and the product remained live in 34 states at the time of the suspension. Its culture-event contracts continued to be available in Missouri.
As we reported in September, Missouri Attorney General Catherine Hanaway sent cease-and-desist letters to six other prediction-market operators, demanding that they stop offering sports event contracts to state residents unless licensed by the Missouri Gaming Commission. PrizePicks was not among the recipients; the named companies were Polymarket, Kalshi, Crypto.com, Novig, Underdog and Robinhood.
The attorney general’s office has said that facilitating sports event contracts constitutes unlicensed sports wagering under Missouri law, and that firms cannot repackage sports bets as event contracts to avoid state rules. It says operators seeking to offer sports wagering must obtain a Gaming Commission licence, pay required taxes and fees, and prevent people under 21 from betting.
Missouri voters approved Amendment 2 in 2024, placing sports-betting oversight with the Gaming Commission. The regulated market launched on Dec. 1, 2025, allowing licensed mobile, online and in-person wagering, with a 10% tax on sports-betting gross receipts.
