Bringing daily fantasy sports onchain with HotStreak
How Privy powers instant, secure, and user-friendly wallets for the next generation of fantasy sports fans
Debbie Soon
|Sep 4, 2025
The US sports betting market has exploded in recent years. In 2024 alone, more than $150 billion was wagered, and daily fantasy sports (DFS) platforms like FanDuel and DraftKings became household names. Millions of players now log in every week to draft lineups, make picks, and follow the action.
But even as the industry has grown, the experience has lagged behind. Legacy platforms still run on outdated rails involving clunky ACH transfers and centralized custody models. The result? Delayed payouts and a system where users have no choice but to trust opaque middlemen.
With HotStreak, fantasy sports is being reimagined from the ground up. The platform offers 10,000+ projections daily, advanced research tools, and payouts that land within a single business day. For players, that means more ways to play, and a quicker way to win.
Taking fantasy sports onchain
HotStreak believes the future of fantasy sports won’t just be digital, but onchain. Other platforms have tiptoed into crypto by allowing stablecoin deposits into legacy systems. HotStreak, however, has taken the full plunge: every balance, entry, and payout is fully onchain, with users always in custody of their funds.
This is not the first time HotStreak has redefined what’s possible in daily fantasy. They were the first platform to offer insurance on player injuries, the first to enable live in-game entries, and the first to let users customize player lines, i.e. setting their own over/unders to any number they want. By moving fully onchain, HotStreak is extending that same spirit of innovation to the very foundation of how fantasy sports works.
“The world moving onchain is not up for debate. We already have a large and engaged audience of sports fans and we want to be the platform that ushers them into the onchain world of stablecoins and self-custody.” – Gianni Settino, Co-founder and CTO of HotStreak
This shift solves two of the industry’s biggest pain points:
For players: instant, reliable withdrawals without waiting on banks.
For operators: no need to maintain proprietary currencies or ledgers, freeing them to focus on building great products.
It also unlocks new possibilities: onchain loyalty programs, transparent markets, and the ability to tap into the broader crypto ecosystem.
Using Privy for a seamless user experience
To deliver a smooth onchain experience to thousands of sports fans, HotStreak needed a wallet solution that felt invisible to users while preserving the security and flexibility of self-custody.
After evaluating several embedded wallet providers, HotStreak ultimately chose Privy for:
Seamless UX: wallets embedded directly in the HotStreak app, reducing user friction and dropoff.
Self-custody by design: users own their funds, not the platform.
Battle-tested infra: trusted by leading apps like pump.fun, Hyperliquid, and Zora.
Hands-on support: from product feedback to ecosystem introductions.
“Privy was the most polished solution we saw, especially for a consumer app. The team has been amazing to work with, and seeing their roster of customers gave us confidence we were in the right hands.” – Gianni Settino
Results
HotStreak relaunched its app fully onchain this summer, just in time for college football season. After a brief beta, the platform recorded its biggest week ever, powered by Privy wallets under the hood.
The numbers speak for themselves:
5,000+ 5-star reviews
10K+ daily projections
$55M+ paid out
Instant withdrawals for every user
Behind the scenes, Privy powers seamless onboarding, instant payouts, and secure self-custody, so HotStreak can keep the focus where it belongs: on the thrill of the game, not the friction of running it.
What’s next for HotStreak
With NFL football getting underway this week, and basketball season just around the corner, HotStreak is leaning even further into its crypto vision. The team is rolling out Season 1 of its loyalty program, letting users earn onchain points and status toward future rewards.
For HotStreak, the mission is clear: marry the thrill of fantasy sports with the openness of crypto — faster, fairer, and ultimately, built for fans first.
HotStreak is showing what’s possible when great consumer products build on crypto rails. Privy is excited to make that experience easier, more accessible, and more fun; and to keep contributing to that future.
