First batch of prediction market ETFs may launch in the US next week

Odaily reports, according to Bloomberg ETF analyst James Seyffart, the first batch of prediction market ETFs in the United States could launch next week. Roundhill has submitted updated documents to the U.S. Securities and Exchange Commission, aiming to activate six prediction market ETFs on May 5. The products will be designed around event contracts related to the U.S. presidential and congressional elections.

Additionally, similar products submitted by GraniteShares and Bitwise may also be launched around the same time. James Seyffart believes this reflects a growing trend of combining event contracts with ETF products. (The Block)