Rush Street Inches Closer to Prediction Markets with DCM Filing
Posted on: June 16, 2026, 11:30h.
Last updated on: June 16, 2026, 11:30h.
- Rush Street Interactive filed for two important prediction market licenses with the CFTC
- It’s viewed as the latest sign the internet casino giant is serious about entering the prediction markets industry
- The company was previously non-committal about event contracts
Signs are mounting that Rush Street Interactive is moving closer to potentially entering the fast-growing prediction markets industry.
New filings with the Commodities Futures Trading Commission (CFTC), the federal regulator tasked with overseeing prediction markets, indicate Eventive IV LLC — an entity with ties to Rush Street — filed for a Designated Contract Market (DCM) license as well as a Derivative Clearing Organization (DCO) permit.
Initially, Eventive IV, LLC, as a Derivatives Clearing Organization will clear for Eventive III, LLC, an affiliate of the Clearinghouse. In its capacity as a DCO, the Clearinghouse will only clear transactions executed on a Designated Contract Market,” according to the DCO filing. “The anticipated start date of clearing products upon the later of the approval of both the Exchange as a DCM and the Applicant as a DCO. The Applicant requests that its Registration Order not be conditioned on clearing solely for the Exchange.”
In particular, DCM approval is essential to the operation of prediction markets in the US.
Exploring the Permits Rush Street Is Seeking
Aspiring prediction market operators have some regulatory hoops to jump through prior to bring product to market, indicating it’s worth examining the importance of the DCM and DCO licenses.
“A derivatives clearing organization (DCO) is an entity that enables each party to an agreement, contract, or transaction to substitute, through novation or otherwise, the credit of the DCO for the credit of the parties; arranges or provides, on a multilateral basis, for the settlement or netting of obligations; or otherwise provides clearing services or arrangements that mutualize or transfer credit risk among participants,” according to the CFTC.
As for the DCM, that designation was created by way of the Commodities Exchange Act — a law established in 1936 that serves as one of the foundations for regulator derivatives, including futures and options, trading in the US.
“DCMs are most like traditional futures exchanges, which may allow access to their facilities by all types of traders, including retail customers,” notes the CFTC. “DCMs may list for trading futures or option contracts based on any underlying commodity, index or instrument. Part 38 of the CFTC’s regulations.”
Rush Street a Surprise Prediction Market Player
News of Rush Street Interactive’s prediction markets plans emerged late last month, so the aforementioned regulatory filings aren’t surprising, but the company’s arrival in the event contracts space is a departure from previous commentary.
Hailed by analysts and investors for an iGaming-first strategy that’s paid off in the form of a soaring share price, Rush Street executives were previously non-committal about prediction markets.
On an earnings conference call earlier this year, CEO Richard Schwartz acknowledged the company was monitoring the event contracts space, but noted it wasn’t “an area of high priority for us.”
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