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

Odaily reported that according to Bloomberg ETF analyst James Seyffart, the first batch of prediction market ETFs in the US may launch as early as next week. Roundhill has submitted updated documents to the Securities and Exchange Commission, aiming to make its six prediction market ETFs effective on May 5. The products will be designed around event contracts related to the US presidential and congressional elections.

In addition, similar products submitted by GraniteShares and Bitwise may also launch during the same period. James Seyffart believes this reflects the growing trend of combining event contracts with ETF products. (The Block)