ETFs & Funds
Home›ETFs & Funds›ETFs›New ETF gives pre-IPO exposure to Kalshi and Polymarket
New ETF gives pre-IPO exposure to Kalshi and Polymarket
The Tema Trading & Prediction Markets ETF launched in September and is positioned for regulated prediction market event contracts that the CFTC typically oversees as swaps.
Prediction markets have surged in popularity this year, and a new ETF launched in September is designed to let investors gain exposure to two major platforms while they remain privately held.
MarketBeat Ratings says the Tema Trading & Prediction Markets ETF (DICE) provides access to Kalshi and Polymarket, and it also includes holdings such as Robinhood, Coinbase, and Interactive Brokers.
The article notes that, while prediction market event contracts can resemble sports wagering in how they are marketed, the contracts are financial derivatives. It adds that the Commodity Futures Trading Commission (CFTC) says event contracts traded on regulated prediction markets are typically structured as swaps and fall under its oversight.
MarketBeat Ratings points to survey and trading activity to underscore the demand, citing a 2026 Betterment Retail Investor Survey released Aug. 11 in which more than half of surveyed Gen Z investors said they redirected money that would otherwise go toward investing into sports betting within the past year. It also cites Kalshi’s record daily trading volume on Oct. 4, when $3.9 billion in contracts traded, and says the trailing 30 day total is nearly $67 billion.