Bitwise seeks SEC nod for 2028 election prediction market ETFs as Wall Street pushes to wrap bets

Bitwise has submitted a prospectus to the U.S. Securities and Exchange Commission (SEC) for exchange-traded funds (ETFs) that will invest in event contracts tied to the 2028 U.S. presidential election. This move represents a renewed effort to integrate prediction market wagers into traditional ETF structures. The filing, branded “PredictionShares,” details funds that will hold contracts whose value fluctuates based on political outcomes, mirroring how such contracts are traded on regulated prediction venues. GraniteShares and Roundhill have also made similar filings, indicating growing investor interest in ETFs linked to political and event-driven markets. Industry analysts note this trend as a “financialization and ETF-ization of everything.” The proposals come amidst ongoing regulatory challenges for prediction markets, including scrutiny from state regulators and a recent assertion of federal authority by the Commodity Futures Trading Commission (CFTC).

(Source：The Block)