DraftKings has submitted an application with the National Futures Association, which has served as the regulator for the Commodity Futures Trading.

The association represents the U.S. derivatives industry but isn’t an official regulator. Still, all members are required to follow rules like acting to protect the public interest.

Complying with these standards can help a business get approved as a Designated Contract Market (DCM) registered with the Commodity Futures Trading Commission (CFTC) and allow them to offer event contracts on topics like sports.

The gaming operator’s CEO, Jason Robins, has talked about prediction markets in two different settings this year. Robins said the company is watching everything with prediction markets “very actively” on its year-end earnings call.

“It’s certainly something that we have keen interest in seeing how it plays out,” he added.

Robins also mentioned at a Morgan Stanley conference that prediction markets are “definitely more on the opportunity side” than being a risk.