SEC Delays Prediction Market ETFs, Seeks More Information From Bitwise and Other Issuers

Proposed prediction market ETFs would use event contracts to let investors trade on the outcomes of political, economic or sporting events. Such products straddle securities investing and prediction markets. How the funds set prices, maintain liquidity and manage contract settlement risk will shape the SEC's regulatory approach and investor-protection standards.

As of July 19, 2026, the U.S. Securities and Exchange Commission had put listing plans for 24 products from Roundhill, GraniteShares, Bitwise and other issuers on hold. The SEC requested additional information on event-contract mechanics, fund structures and risk disclosures, while Chair Paul Atkins called for public comment, affecting products that had been scheduled to launch soon.