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SEC delays decisions on 24 prediction market ETF filings

Regulation

The SEC has delayed decisions on 24 proposed prediction market ETFs while it considers how event contracts fit within its regulatory framework. Chairman Paul Atkins said on 20 May that he had instructed staff to seek public input; the filings from Bitwise Asset Management, Roundhill Investments and GraniteShares were nearing the end of a 75-day review period.

The delay leaves the proposed route for offering event contracts through standard brokerage accounts under SEC review.

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Regulation

CFTC directs prediction markets to lift state geoblocks within 30 days

The CFTC said on 5 November that registered designated contract markets must remove domestic geographic restrictions that conflict with its fair-access requirements within 30 days. Exchanges must also ensure partner intermediaries comply, or explain in writing why they cannot; the guidance comes amid state court orders requiring restrictions in several states.

The CFTC said on 5 November that registered prediction market operators must unblock geoblocked states within 30 days. Under its new interpretative guidance, designated contract markets that cannot comply may instead explain in writing why they cannot.

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