Rush Street Interactive files for CFTC prediction market exchange designation
Rush Street Interactive (RSI) applied to the Commodity Futures Trading Commission (CFTC) to become a Designated Contract Market (DCM) for prediction markets, the same regulatory designation held by Kalshi. The publicly traded online gaming and sports betting operator submitted its filing on June 4, joining a growing queue of traditional gaming companies seeking CFTC-regulated contract market status. RSI said it sees the filing as giving it flexibility to respond to developments in the prediction market space. The company already maintains existing regulatory infrastructure across multiple US states.
RSI becomes the latest gaming operator with multistate infrastructure to queue for DCM status, putting competitive pressure on Kalshi's first-mover position as more sports betting incumbents build parallel CFTC-regulated pathways. The filing signals that prediction market entry is becoming table stakes for major gaming companies rather than a niche experiment.