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We consider the closed algebra generated by the polynomial multipliers on the Drury-Arveson space. We identify as a direct sum of the preduals of the full multiplier algebra and of a commutative von Neumann algebra, and establish analogues of many classical results concerning the dual space of the ball algebra. These developments are deeply intertwined with the problem of peak interpolation for multipliers, and we generalize a theorem of Bishop-Carleson-Rudin to this setting by means of Choquet type integral representations. As a byproduct we shed some light on the nature of the extreme points of the unit ball of .

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