The U.S. Securities and Exchange Commission (SEC) has postponed its review of the first prediction market ETFs, delaying the launch of products initially planned for last week. Roundhill Investments, Bitwise Asset Management, and GraniteShares had submitted applications for ETFs linked to real-world events such as elections, recessions, and tech layoffs. Sources indicate that the SEC is requesting further clarification on the products' mechanisms and disclosures, with the delay expected to be temporary. Under current rules, ETF filings typically become effective after 75 days unless regulatory intervention occurs.
SEC Delays Review of First Prediction Market ETFs
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