Is “Risky” a Scrabble word?

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Yes
RISKY
Valid in at least one Scrabble dictionary

Valid in these dictionaries

SOWPODS / CSW
Scrabble UK & International
Valid
TWL / NWL
Scrabble North America
Valid
Large English Dictionary
General English word list
Valid

Meaning of Risky

/ˈɹɪski/

adjective
  1. 1.Dangerous, involving risks.

    Investing in this start-up company could be risky.

Synonyms: dangerous, hazardous, perilous