Svmuureports that the U.S. SEC is seeking public comments on prediction market ETFs and has postponed the approval process for related "new-type ETFs."
SEC Chairman Paul Atkins stated, "New products bring new questions," indicating that regulators need to further assess the impact of such products. Previously, Bitwise, Roundhill, and GraniteShares have submitted applications for prediction market ETFs, which would track the outcomes of events such as U.S. elections.
Bloomberg ETF analyst Eric Balchunas noted that the SEC is currently evaluating prediction market ETFs cautiously, similar to its previous approach to spot crypto ETFs. (Cointelegraph)