First prediction market ETFs could launch next week, Bloomberg analyst says
First prediction market ETFs are expected to launch next week, according to Bloomberg analyst James Seyffart.Summary
The first prediction market exchange-traded funds (ETFs) are anticipated to launch in the U.S. next week, as reported by Bloomberg ETF Analyst James Seyffart. Issuer Roundhill has filed a post-effective amendment with the SEC, setting a new effective date of May 5 for its six prediction market funds. These ETFs, including the RPM Democratic President ETF and RPM Republican Senate ETF, will allow investors to speculate on U.S. election outcomes through event contracts, offering capital appreciation if the targeted party wins and a near-total loss if it loses. Other issuers like GraniteShares and Bitwise have also submitted similar filings, with launches expected around the same time. This development signifies a growing trend of financialization and ETF-ization, potentially opening doors to new investment products. Prediction markets like Polymarket and Kalshi have seen significant volume, with Polymarket utilizing cryptocurrency for its operations.
(Source：The Block)