Rush Street Interactive files CFTC application to launch prediction market exchange
Rush Street Interactive has filed an application with the Commodity Futures Trading Commission to become a Designated Contract Market for prediction markets. The online gaming and sports betting operator, parent company of BetRivers, submitted the filing through an affiliated entity seeking CFTC oversight for listing and clearing event contracts. The move positions Rush Street to enter the regulated prediction market sector alongside other traditional gaming companies that have pursued similar approvals. The company said the filing provides flexibility to respond to developments in the prediction market space. Rush Street operates existing regulatory infrastructure across multiple US states as a publicly traded company.
Rush Street must now clear the CFTC's review queue while Novig and ProphetX have already launched with first-mover timing measured in days. Any delay risks leaving RSI's BetRivers brand competing for retail liquidity against entrenched sportsbook-backed platforms with live markets.
Rush Street Interactive joins Novig, ProphetX, and DraftKings among sports-native operators racing for CFTC-regulated event-contract share, as the queue of traditional gaming companies seeking designated contract market status now stretches past the first movers already approved.