Allwyn buys $1.6-billion stake in fantasy sports operator PrizePicks to expand in US

Group 1 - Allwyn International will acquire approximately 62% stake in PrizePicks for an initial cash consideration of $1.6 billion [1] - The deal is expected to close in the first half of 2026 [1] - PrizePicks' implied enterprise value could grow to $4.15 billion from $2.50 billion based on performance metrics over the next three years [1]