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State of Play’s TL;DR
- Rush Street Interactive appears to be getting more serious about prediction markets.
- An affiliated entity has filed for two key CFTC approvals, a notable move for a company whose CEO previously suggested event contracts were not a high priority.
Rush Street Interactive is moving closer to the prediction markets space through Eventive IV LLC, an entity tied to the company.
Eventive IV filed with the Commodities Futures Trading Commission (CFTC) for two approvals: a Designated Contract Market (DCM) license and a Derivative Clearing Organization permit.
Those filings matter because DCM approval is described as essential to operating prediction markets in the US. The DCO application also offers a glimpse at how the structure could work.
The move stands out because Rush Street had previously sounded cautious on the category. CEO Richard Schwartz had described event contracts as not being “an area of high priority for us.”
Rush Street joins other major entities eyeing prediction markets
For bettors, this does not mean a new product is live yet. The open question is whether the CFTC approves either application, and the filings do not answer what specific prediction market products Rush Street Interactive would offer if it gets the green light.
Still, the strategic significance is hard to miss. Prediction markets have become a growing area of interest for US gambling and gaming companies, and Rush Street’s filings suggest a major operator wants a path into that business. That could matter nationally because event contracts sit near the edge of traditional gambling, finance, and regulation.
For operators, the message is equally clear: CFTC licensing remains a key hurdle. Seeking both a market license and a clearing permit suggests a more serious infrastructure play than casual experimentation. It also hints at broader convergence between online gaming companies and event-contract platforms, even if the exact end product remains unclear.
Based on report by Todd Shriber for Casino.org.
