GetPicks raises $3M for stablecoin-powered fantasy sports payouts
What's the deal? GetPicksDealroom has a profile for this one. Try Dealroom →, an Atlanta-based daily fantasy sports platform, has raised $3 million in an angel round backed by gaming industry angels and operators. The startup processes withdrawals in under five seconds using stablecoin payment rails. It will use the funding for US expansion and product development.
Why now? GetPicks launched in June 2026 and has since drawn more than 35,000 registered users across 21 US states. It has awarded hundreds of thousands of dollars in prizes. The raise comes as the NBA season gets underway.
What's the endgame? GetPicks wants to remove friction from a sector still running on legacy finance. Deposits go through card processors and withdrawals through banks, bringing delays for players. The company says some users deposit and immediately withdraw to test its speed before returning to play.
What else? The platform layers social features on top of fast payouts. Users can follow other players, copy a full lineup in one tap, and earn rewards when others tail their picks.
That builds a flywheel: shared lineups help users find players to follow, copying turns interest into participation, and rewards push creators to keep publishing. Visible track records also let newcomers build credibility and grow a following.
Who's backing it? The investor group includes founders of publicly traded gaming companies, executives from major US lottery and sweepstakes platforms, and operators behind multi-billion-dollar gaming exits. The founders are serial entrepreneurs whose previous work spans consumer apps, financial products, performance marketing, and affiliate distribution.
The signal: Daily fantasy has become a mainstream US pastime, but its payment plumbing hasn't kept pace. GetPicks is betting that stablecoin rails — and a social layer that rewards sharing — can set it apart as it expands across eligible US markets.
Read more: AP News
Image credit: DVIDSHUB
