SEC Commissioner Hester Peirce expressed skepticism about certain speculative financial products during a speech on May 8, suggesting that products resembling lotteries, which promise quick wealth, may fade as investor interest wanes. Alex Thorn, Head of Research at Galaxy Digital, shared Peirce's view that the legal, technical, and market infrastructure of these products could be repurposed for more sustainable investment and risk management solutions in the future. Nate Geraci, President of The ETF Store, praised the SEC's balance between regulation and innovation, speculating that the controversial products Peirce referred to might be 'prediction market ETFs,' which he expects will soon gain approval for listing.