Rush Street Interactive (RSI) has recently submitted an application for a DCM license, which is essential for firms looking to engage in debt capital markets.

This license will enable Rush Street to potentially introduce a prediction markets product down the line. Susquehanna analyst Joseph Strauff views this move positively, seeing it as a strategic step for Rush Street (RSI) to diversify into prediction markets while still maintaining flexibility.

Strauff noted, “With President Trump’s recent endorsement for the CFTC to retain exclusive authority over prediction markets, rather than handing it over to state regulations, the ongoing rule-making process by the CFTC is becoming increasingly significant.

We anticipate a release in Q3 2026, where some of the proposed markets may be refined, especially considering the CFTC’s emphasis on clear settlement mechanisms.” During its latest earnings call, Rush Street (RSI) management mentioned that customer acquisition costs remain stable, indicating that the potential introduction of prediction markets has not influenced these costs as of yet.

However, the topic of launching their own prediction markets products was not addressed during the discussion.