U.S. SEC reviewing over 24 prediction market ETFs

The U.S. Securities and Exchange Commission (SEC) is reviewing more than 24 prediction market exchange-traded funds (ETFs) filed by Roundhill, Bitwise, and GraniteShares in February, Cryptoslate reported. The proposed ETFs are based on event contracts tied to a variety of outcomes, including the results of the 2028 U.S. presidential election and the 2026 House and Senate elections, as well as whether BTC will reach $100,000, ETH will surpass $3,500, or WTI crude oil will hit a target price. These event contracts are designed to settle at one dollar if the specified event occurs and $0 if it does not. The SEC has delayed its approval to conduct further reviews of the funds' structure, valuation, liquidity, settlement methods, and measures for investor disclosure and protection. Industry observers believe that approval would make these products available through standard brokerage accounts, significantly expanding access for retail investors and broadening the overall market.