Analyst James Seyffart Expects SEC Approval for Prediction Market ETFs

Analyst James Seyffart anticipates near-term SEC approval for prediction-market ETFs, which would give U.S. investors another way to access a market built around event contracts.

Filings exist for funds that would hold prediction-market contracts. Separately, the SEC is assessing product parameters and what may be allowed in the prediction-market space.

Prediction markets let traders wager on the outcomes of future events. If approved, ETFs holding those contracts would offer another way to access the market.