CryptoSlate reported that the U.S. Securities and Exchange Commission (SEC) is reviewing more than 24 prediction market ETFs filed by Roundhill, Bitwise, and GraniteShares in February. These ETFs use various event contracts as underlying assets, including the results of the 2028 U.S. presidential election and 2026 Senate and House elections, as well as whether BTC will reach $100,000, ETH will exceed $3,500, or international oil prices (WTI) will achieve their target price. Event contracts are structured to settle at $1 if a specific event occurs and $0 if it does not. The SEC has withheld approval to further review the fund structure, valuation, liquidity, settlement methods, investor disclosure, and protection mechanisms. The industry believes that if approved, prediction market products will be tradable through general securities accounts, significantly expanding accessibility for individual investors and broadening the market base.
