The cone separation in the picture above has nothing to do with a prizm effect. Spontaneous parametric down-conversion (SPDC) may be considered as a spontaneous version of a nonlinear optical effect of difference frequency generation. It occurs in media with non-zero second order non-linearity, usually non-centrosymmetric crystals. This process is parametric, which means that atoms of the crystal are not excited, leading to conservation of energy for photons: $\omega_p=\omega_s+\omega_i$, where $\omega_p$ is the frequency of the laser pump, and $\omega_{s,i}$ are frequencies of down-converted photons. Moreover, for the process to be efficient the phase-mathcing condition should be satisfied: $\mathbf{k}_p=\mathbf{k}_s+\mathbf{k}_i$, which may be interpreted as momentum conservation for photons.
This condition is hard to satisfy in homogeneous isotropic materials, since due to frequency dispertion $\mathbf{k}(\omega)=\omega n(\omega)/c$ depends on $\omega$ in a nonlinear way. To overcome this difficulty one may use anisotropic crystals, where refractive index for a wave polarized in the plane of optical axis depends on the propagation direction $n=n(\omega,\theta)$ where $\theta$ is the angle between $\mathbf{k}$ and optical axis. For a so-called Type II down-conversion pump and one of the photons are extraordinary, while the other one is ordinary ($e\rightarrow o+e$ phase-matching). So we have the phase matching condition in the following form:
$$\mathbf{k}_e(\omega_p,\theta_p)=\mathbf{k}_e(\omega_s,\theta_s)+\mathbf{k}_o(\omega_i,\theta_i),$$
For a fixed $\theta_p$ this equation determines the dependence $\theta_{s,i}(\omega_{s,i})$ of propagation directions for the photons of different frequencies. This gives the cones, shown in the picture we discuss. The pump beam should be exactly in the center of the picture between the two cones for ordinary and extraordinary photons. So the pump is not shown in the picture.
Photons in each cone have a well defined linear polarization - in plane and orthogonal to the plane of optical axis of the crystal, respectively. An exception is the direction where cones for photons with equal frequencies $\omega_i=\omega_s=\omega_p/2$ (green ones in the picture) intersect. That is where the photons entangled in polarization are generated. The original paper describing the first experiment using this scheme may be found here.