SEC delays political prediction-market ETFs as analyst urges rejection
The US Securities and Exchange Commission delayed proposed political event-contract ETFs from Bitwise Investments, GraniteShares and Roundhill Investments. Morningstar analyst Jeffrey Ptak said regulators should take a cautious approach, arguing that prices may already reflect the likelihood of an event. The SEC is holding a public comment period on the proposed funds.
The SEC’s review will determine whether financial products tied to political event contracts can enter the US market.