‘Groundbreaking’ prediction market ETFs launch delayed again as SEC reviews more: analyst
60-second summary
Prediction market ETFs, which would allow investors to wager on election and economic outcomes, are delayed again as the SEC reviews additional information, according to an analyst. This delay is the latest in a series of setbacks for the groundbreaking investment vehicles, which were initially expected to launch in 2023.
ETFs would offer investors a way to wager on the outcome of elections and economic events using the publicly-traded financial instruments.