First prediction market-based ETF set for launch next week

The first prediction market-based exchange-traded fund (ETF) is expected to launch next week, Bloomberg ETF analyst James Seyffart said on X. U.S. investment firm Roundhill has scheduled its launch for May 5, with the fund allowing bets on whether the Republican or Democratic party will control the House and Senate in the upcoming midterm elections. Similar ETFs from Bitwise and GraniteShares are also expected to launch around the same time. Bitwise filed for its prediction market-based ETF in February.