RSBIX applies to CFTC for US sports prediction market designation
RSBIX applied to the Commodity Futures Trading Commission for Designated Contract Market status, the company said. The company, owned by lawyer Jeff Ifrah, said it is working with Matchbook on a sports event trading platform for the United States; the application does not establish that the platform has been approved.
The DCM application puts a prospective US sports event-trading platform before the CFTC, but does not mean it is approved.