The message from CoinWorld: The U.S. Securities and Exchange Commission (SEC) has delayed the release of prediction market ETFs from Kalshi and Polymarket, and has extended the review process, requesting further clarification on how the new products operate and investor disclosures. This update affects ETF applications from Bitwise Asset Management, Roundhill Investments, and Graniteshares, which aim to launch ETFs linked to actual outcomes, covering economic models, corporate events, and elections. The SEC's delay is viewed by market participants as normal review rather than rejection, and is expected to be temporary. SEC rules require proposals to take effect after 75 days, and if no action is taken, they automatically expire.