SEC delays prediction market ETFs as issuers race to bring event contracts to retail
Crypto Briefing
The SEC has delayed over two dozen prediction market ETFs, requesting more information on fund mechanics and disclosures from issuers.Summary
The SEC has temporarily delayed the launch of more than two dozen ETFs from issuers like Roundhill Investments, GraniteShares, and Bitwise. These funds aim to allow retail investors to trade contracts linked to real-world event outcomes, such as elections, economic shifts, and industry trends. The agency requested additional information regarding fund mechanics and investor disclosures, slowing the products' path to market. This push follows the rising popularity of platforms like Kalshi and Polymarket, though the sector faces ongoing regulatory and legal scrutiny regarding the nature of its event-based contracts.
(Source：Crypto Briefing)