Company Overview
PrizePicks is one of the fastest-growing Daily Fantasy Sports (DFS) platforms in North America. As their innovative offerings expanded across multiple jurisdictions, navigating regulatory complexity became a key focus in enabling continued growth.
To understand the real-world impact, OneComply spoke with Robert Steele, Director of Licensing at PrizePicks. Read on to hear how OneComply has supported their growth.
The Challenge
Before adopting OneComply, completing license applications across 13+ jurisdictions, each with unique requirements, could take long periods of time. The administrative burden was cumbersome, and managing numerous platforms made it challenging to keep track of all the moving parts involved in the application process.
PrizePicks has different game offerings that abide by various local regulations and the applications in these jurisdictions must reflect that. Consistency is vital, and with the increased volume of license applications that PrizePicks began encountering, they needed to identify a new solution to create a more seamless process.
The Solution: How OneComply Transformed Licensing for PrizePicks
- Faster Application Generation
- Accelerated Entry to New Markets
- Greater Consistency, Accuracy, and Organization
- Streamlined Experience for Executives
OneComply has tremendously upped productivity by expediting the process of completing licensure applications. PrizePicks’ business is inherently fast-paced by nature so being able to quickly complete a draft application allows for better scoping and timeline planning.
PrizePicks’ Government Affairs team is consistently seeking out new jurisdictions to enter, with some applications requiring a quick turnaround. OneComply allows the Licensing team to be more agile when receiving notice that the team is ready to enter a new market and can file applications on a tight deadline.
One of the most valuable aspects of OneComply is being able to have licensure documentation organized and saved in one place. Licensing information stored (with dates) in OneComply allows for easy retrieval and creates efficiencies across the team.
PrizePicks’ leadership team has benefited greatly from not having to manually enter information multiple times on numerous forms. The security afforded to their private information with the ability to upload and transfer documents safely and securely is highly regarded!
The Feature PrizePicks Can’t Live Without
The ease at which a new application can be generated after changing information within a profile. Instead of having multiple versions and edits of applications, changes are made directly by the applicant in OneComply. As PrizePicks scales to multiple jurisdictions, OneComply has helped us accomplish the consistency the team needed!