Rush Street Interactive (RSI) submitted its application to the Commodity Futures Trading Commission (CFTC) to become a prediction market exchange, becoming the latest business involved in state-regulated gambling to take steps to launch a prediction market product.
RSI — which operates the BetRivers brand — filed to be a designated contract market (DCM), the same designation held by Kalshi and Polymarket’s U.S. site. The application, filed May 20, is listed as “pending” on the CFTC website. A DCM is an exchange that creates contracts for users to buy and sell.
RSI sees the filing as something that gives the company the “flexibility” to respond to developments in the prediction market space, InGame has learned.
