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SEC delays election-betting prediction market ETF timelines
The SEC has reviewed more than 24 proposed ETFs that would offer election-related prediction markets, pushing launch timing back to clarify fund mechanics and disclosure plans.
The SEC is still reviewing more than 24 proposed prediction market ETFs that, if approved, could be used by investors to trade election-betting themes through brokerage accounts, according to CryptoSlate.
The issuers, including Roundhill, Bitwise, and GraniteShares, have filed their ETF applications since February, but the SEC has not yet taken action, leaving the products in regulatory limbo.
CryptoSlate reports the SEC has also pushed back the expected launch timing, saying it needs more clarity on fund mechanics and what investor disclosures would cover.
The delay means the proposed ETFs would not reach the market on the earlier schedule, with the SEC review process continuing as the filings await approval.