Type “PointsBet vs PrizePicks” and the search engine assumes two competing betting apps. They are not competitors, because they stopped sharing a market in April 2024. That is when PointsBet finished selling its entire US sportsbook business to Fanatics Betting and Gaming and pulled out of the country completely. PrizePicks, meanwhile, has only ever been a US-residents product. This page exists because the two names keep turning up together in old “best betting apps” roundups that never got updated.
PointsBet vs PrizePicks, side by side
| PointsBet | PrizePicks | |
|---|---|---|
| Product | Licensed sportsbook and iGaming (spreads, moneylines, PointsBetting) | Pick’em DFS: Player Picks, Team Picks, Culture Picks |
| Founded | 2015, Melbourne, Australia | 2015, Atlanta, Georgia |
| US availability | None — sold entire US business to Fanatics, sale closed April 2024 | Product-specific by state; paid Player Picks is a shorter list than the marketed “50 states” |
| Where it actually operates | Australia (all states/territories) and Canada (Ontario since 2022, plus Alberta) | United States only — help center restricts DFS to US residents |
| License | Australian state/territory licenses; AGCO registration (Ontario); AGLC/AiGC (Alberta) | DFS / interactive fantasy; NY IFS license issued October 2025 |
| Ownership | PointsBet Holdings Limited (ASX: PBH); MIXI Australia holds 66.43% | SidePrize LLC; Allwyn agreed to take a majority stake in September 2025 |
| Age gate | 18+/19+/21+ depending on Australian state or Canadian province | 18+ most states; 19+ AL/CO; 21+ AZ/IL/MA |
Is PointsBet or PrizePicks Legal Where You Live?
This is the whole answer, and it splits cleanly by country. If you are American, PointsBet has nothing for you — not a gray area, not a restricted product, just no US operation since the Fanatics sale finished closing state by state in April 2024. PrizePicks might have something for you, but check the specific product: paid Player Picks is live in most states, some states get free-to-play only, and a few products carry different age gates than others. If you are in Ontario, Alberta, or an Australian state or territory, the reverse is true: PointsBet is a real, licensed sportsbook, and PrizePicks is not built for you at all.
The non-overlap: PointsBet operates in Australia and Canada only. PrizePicks operates in the United States only. There is no country on this page’s comparison where a reader can actually choose between the two.
Is Either One Legit?
Yes, in different ways. PointsBet Holdings Limited is a publicly traded company that sold its US business for $225 million rather than collapsing, and it now answers to named regulators in every market it still serves — though Ontario’s AGCO proposed a licence suspension in early 2026 over a prop-betting disclosure dispute that PointsBet is appealing. PrizePicks has paid DFS entries for a decade and picked up a New York interactive fantasy sports license in October 2025 after previously being unavailable there. Neither company’s legitimacy is really the open question; availability is.
Which One for Who
A US reader who remembers PointsBet’s old sportsbook and wants that same kind of wager should look at Fanatics Sportsbook, not PrizePicks — Fanatics bought the business and the underlying platform. A US reader who wants pick’em projections instead of a moneyline should check whether PrizePicks offers paid entries in their state. An Australian or Canadian reader deciding whether PointsBet is worth using has a real, regulated sportsbook in front of them, with one open regulatory dispute worth knowing about first. Nothing here is a way to make money; treat both as entertainment spending. 21+ where PointsBet is licensed; 18+ or the higher state age gate for PrizePicks.