Is PrizePicks Legal in Colorado?

Is PrizePicks legal in Colorado, and are its prediction markets available? These are the questions that we’ll answer for you fully in the comprehensive guide. The easy answer is that PrizePicks Predict is available in CO.

However, users in the Centennial State have restricted access, as only the “Culture Picks” event contracts are available. This covers all non-sports prediction markets like entertainment and economics. Sports prediction markets are unavailable, and the minimum age limit in Colorado is 19+. This is higher than the 18+ age limit that’s applied in most other PrizePicks states.

Is PrizePicks Predict Available in Colorado?

PrizePicks Predict is a CFTC-regulated prediction market exchange that’s available to eligible users within the main PrizePicks app. The Commodity Futures Trading Commission (CFTC) is a national regulator, so PrizePicks prediction markets are available to some extent in 33 states.

However, some 18 have restricted access, including Colorado, where the “Team Picks” (sports prediction markets) are unavailable. When using the app in the Centennial State, you can buy and sell event contracts for all of the non-sports prediction markets in the “Culture Picks” section.

19+ Age Limit for CO Users

While the minimum age limit for prediction markets according to CFTC regulations is 18+, you must be 19+ to use PrizePicks Predict in Colorado. We’ve summarized the key details for you in the table below:

How Do PrizePicks Prediction Markets Work in CO?

The “Culture Picks” section of the PrizePicks app allows you to buy and sell event contracts for future outcomes related to pop culture, entertainment, economics, and other non-sporting events. In the lead-up to the event, the contracts cost between $0.01 and $0.99, based on the market probability of the outcome.

Once the event has happened, the prediction market is resolved, with correct event contracts paying out at $1.00 and incorrect ones closing with no value ($0.00). In simpler terms, you make a profit if your predictions are correct and you lose all of your money if you are wrong.

Pros and Cons of PrizePicks Predict in CO.

Pros and Cons

• Partially available in CO
• CFTC-regulated
• User-friendly app

• No sports predictions in CO

How to Sign Up to PrizePicks Predict in Colorado

To trade event contracts for cultural prediction markets, you must download the app, create an account, and get fully verified. Once that’s done, you can deposit funds into your verified account and make your first event contract purchase.

Here’s what you need to do to complete full KYC:

1. Follow the banners on this page to the PrizePicks site

2. Download and install the app

3. Tap the “Sign Up” button

4. Enter your email address and create a password

5. Enter your full legal name, address, and date of birth (must be aged 19+)

6. Enter the final four digits of your SSN

7. Enter a PrizePicks prediction markets promo code if you have one

8. Upload your photo ID

9. Wait to get approved and verified

10. Deposit funds and buy your first event contracts

Install the app and sign up

Deposit and trade your first contracts

PrizePicks Prediction Markets in Colorado – Conclusion

In summary, the “Culture Picks” section of the PrizePicks app is available in Colorado. This allows verified users aged 19+ to trade event contracts for non-sports-related future outcomes like entertainment awards, pop culture events, and economic happenings. However, sports prediction markets (known as “Team Picks”) are unavailable to Coloradan users.

You can download the PrizePicks app and get verified via the banners on this page. Just take time to consider the risks of event contract trading before you get started.

Is PrizePicks Legal in Colorado? FAQ

• 🏔️ Are PrizePicks prediction markets available in Colorado?
  PrizePicks prediction markets are available in Colorado, excluding all sports prediction markets. Moreover, the age limit is 19+, rather than the more common 18+ age limit that applies elsewhere. Still, if you are aged 19+ and in CO, you can trade event contracts for culture, economic, and entertainment prediction markets, among others.
• 🗺️ In what states is PrizePicks Predict available?
  As it’s regulated by the national CFTC, PrizePicks Predict is available in 33. However, in states like Colorado, sports prediction markets are excluded, and the age limit is higher.
• 🔍 How does PrizePicks Predict work?
  PrizePicks Predict is a CFTC-registered prediction market where you can buy and sell event contracts for future outcomes. If your predictions are correct, you’ll receive a payout of $1.00 per contract. If your forecast is wrong, you’ll lose your money.