What is Arena Team Picks

Welcome to Arena Team Picks, our sports prediction markets product. Unlike Player Picks, Team Picks lets you trade on real-world game and event outcomes through federally regulated event contracts, powered by our prediction markets partner, ProphetX. You're not competing against other Arena users here, you're buying a contract on an outcome, and that contract settles based on what actually happens.

Where Can I Play Team Picks?

Arena Team Picks is available in every state except Nevada. Team Picks requires users to be 18 or older in every state. Stay tuned as availability continues to expand.

How Team Picks Works

Contracts, Not Lineups

Each Team Pick is a contract on a specific outcome, for example, "Will the Chiefs win?" Every contract is priced between 1 cent and 99 cents, reflecting the market's live estimate of how likely that outcome is. A contract priced higher means the market sees that outcome as more likely; a contract priced lower means it's seen as less likely.

How Contracts Settle

Every contract settles to one of two outcomes once the event concludes:

• If your pick is correct, the contract pays out $1.00 per share

• If your pick is incorrect, the contract pays out $0.00

Your profit (or loss) is the difference between what you paid for the contract and what it settles for, multiplied by the number of shares you hold.

Market Types

Team Picks offers the following market types:

• Moneyline: a contract on which team wins the game outright

• Spread: a contract on whether a team wins by more than, or loses by less than, a set margin

• Over/Under: a contract on whether the combined final score of both teams goes over or under a set number

• Team Over/Under: a contract on whether a single team's total score goes over or under a set number

• Futures: season-long or tournament-long contracts (championship winners, award outcomes, etc.), available as their own separate entry, not combined with single-game markets

Combos

You can combine multiple Team Picks into a single Combo for a bigger potential payout at a lower overall price, up to 12 picks per Combo. Every pick in a Combo must hit for the Combo to pay out. Combos are priced live based on the combined probability of every pick you select.

Payout Timing

Contracts settle once the underlying event concludes and the official result is confirmed. Payouts are credited to your Arena balance automatically once a contract settles. All payouts are subject to official result confirmation.

Getting Started

1. Register for an account

Aside from our regular app signup flow, Team Picks requires additional verification, including your legal name, email address, date of birth, and address. We require this information to ensure that you pass identity verification and meet age and location requirements for prediction markets.

2. Verify your identity

Team Picks requires two layers of verification. First, you'll complete Arena's standard identity verification, the same process used across the app. Once that's complete, your information is automatically submitted for a second verification check required by our prediction markets partner, ProphetX. In some cases, you may be asked to provide an additional photo ID to complete this step. This process is typically fast and happens in the background while you browse Team Picks.

3. Make your first deposit

Once you're verified, you'll be able to fund your account by completing your first deposit. You can deposit via your bank, debit card, and Apple Pay currently. Your Arena balance funds both Player Picks and Team Picks.

4. Browse markets and build your pick

Browse available games and events across NFL, NBA, MLB, NHL, soccer, MMA/UFC, tennis (ATP and WTA), and golf (PGA). Select the outcome you want to trade on and choose your side.

Choose Your Stake

Enter the dollar amount you'd like to put toward your pick. Your potential payout updates live based on the current contract price as you type.

Submit Your Position

Once you've selected your market and entered your stake, confirm your pick to execute the trade. You can track open Team Picks positions in the app and watch as contract prices move in real time leading up to and during the event.

More Information on Team Picks

Team Picks operates under a separate legal and regulatory framework from Player Picks. Team Picks contracts are federally regulated event contracts offered through ProphetX, a CFTC-designated contract market. Player Picks and Team Picks currently cannot be combined into a single entry. Team Picks and Player Picks draw from the same Arena balance.

Note: Arena reserves the right to cancel any active position, refund/cancel any position prior to settlement, and adjust available markets at its sole discretion. If you need further clarification, contact Arena Support at support@arenasports.io.