SEC reviews more than 24 ETFs that could bring election betting to brokerage accounts
More than 24 prediction market ETFs from Roundhill, Bitwise, and GraniteShares are still waiting on SEC approval after February filings. The SEC has delayed action to clarify fund mechanics, valuation, settlement, liquidity, and disclosure for products built around binary event contracts that pay $1 if an outcome happens and $0 if it does not. Roundhill’s lineup targets political outcomes such as 2028 presidential control and 2026 congressional control; Bitwise adds election bets plus contracts tied to Bitcoin, Ethereum, and oil price thresholds. The funds may hold event contracts or swaps, and their value could fall to zero if the outcome fails. Roundhill also proposes treating an outcome as effectively settled if a contract stays above $0.995 or below $0.005 for five days. Approval could move prediction-market exposure into ordinary brokerage and retirement accounts, while rejection would leave it confined to specialized venues like Kalshi and Polymarket.
