CryptoWorld News, Wall Street is about to launch the first U.S. election prediction market ETF,


Roundhill Investment Company plans to list six exchange-traded funds (ETFs) related to prediction markets next week,
including the Democratic President ETF (BLUP), Republican President ETF (REDP), Democratic Senate ETF (BLUS),
Republican Senate ETF (REDS), Democratic House ETF (BLUH), and Republican House ETF (REDH).
These funds will gain exposure through swap agreements with binary event contracts traded on a CFTC-regulated market,
where contracts settle at $1 if the outcome occurs and $0 if it does not.
The fund's prospectus warns that if the target party does not win, the fund will lose most of its value.
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