SEC Delays Launch of Over 24 U.S. Prediction Market ETFs

The U.S. Securities and Exchange Commission (SEC) has postponed the launch of more than 24 prediction market exchange-traded funds (ETFs) in the United States. According to NS3.AI, the delay comes after the SEC requested additional information from the applicants. Roundhill Investments, GraniteShares, and Bitwise initially filed for these funds in February. The automatic approval deadline of 75 days was set to expire this week. Sources familiar with the situation anticipate that the delay will be temporary.