Rush Street Interactive files for CFTC approval to enter US prediction markets
Rush Street Interactive has filed for Designated Contract Market (DCM) approval through an affiliated entity, a regulatory step required to operate CFTC-regulated prediction markets in the US. The filing, reported mid-June, positions the online gambling operator to list and clear event contracts under CFTC oversight if approved. Competitors named in the landscape include Crypto.com, Underdog, and FanDuel. The move signals Rush Street's intent to enter the regulated prediction market space alongside other platforms pursuing similar clearances. DCM status would enable the company to offer event contracts in compliance with federal derivatives law.
Rush Street must now clear the CFTC's DCM review queue while Novig's Ludlow Exchange and ProphetX have already launched and DraftKings' DKeX advances. Any approval delay cedes retail market share to operators already live.