Bitwise Asset Management has filed a proposal with the U.S. Securities and Exchange Commission (SEC) to launch six exchange-traded funds (ETFs) that allow investors to bet on the outcomes of the 2026 midterm and 2028 presidential elections. These ETFs, under the Predictionshares brand, would be tied to binary political outcomes, such as Democratic or Republican control of the White House, Senate, or House, and would trade on NYSE Arca. The funds would settle based on official election results and gain exposure through swaps referencing event contracts regulated by the Commodity Futures Trading Commission (CFTC). This move comes after the CFTC relaxed restrictions on political event contracts, although the SEC has yet to approve any such ETF. The proposal highlights the growing interest in prediction markets, which saw $63.5 billion in trading volume in 2025, despite concerns over their high-risk nature and potential regulatory challenges.