Rush Street Interactive submitted applications to the US Commodities Futures Trading Commission on June 16, 2026, seeking authorization to operate prediction markets. According to the CFTC filings, the company requests a Designated Contract Market license and a Derivatives Clearing Organization registration for its affiliated entity Eventive IV LLC.
Eventive IV LLC will manage clearing operations for affiliate Eventive III LLC once approved. The DCO registration permits the entity to facilitate novation, arrange multilateral settlement, and transfer credit risk among market participants. Clearing activities will commence only after both the DCM and DCO approvals are secured, with the company requesting that the DCO registration remain independent of exclusive exchange clearing duties.
Regulatory Framework for Event Trading
The DCM designation remains mandatory for legal prediction market operations within the United States. Established under the 1936 Commodities Exchange Act, the DCM structure functions similarly to traditional futures exchanges and permits access for all trader categories, including retail customers. The approved exchange may list futures and options contracts based on any underlying index, commodity, or financial instrument.Rush Street Interactive previously described event contracts as a distraction from its core online casino operations. The current licensing applications mark the company’s first formal entry into the event-based trading sector.