At least three companies have submitted applications to the US Securities and Exchange Commission seeking approval to launch Exchange-Traded Funds tied to political event contracts, according to CNBC.
Cryptocurrency asset manager Bitwise, investment advisor Roundhill, and financial services firm GraniteShares are seeking to list ETFs, funds comprised of several investment assets and traded on the stock exchange, linked to event contracts on US political elections.
Similar to common ETFs, which track a specific stock index, business sector, or industry trend, the companies are looking to offer prediction market ETFs, tracking the odds of parties and candidates in political elections, including the 2028 US presidential election and the midterm elections.
