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CryptoWorld News reports that, according to senior Bloomberg ETF analyst Eric Balchunas, Roundhill has submitted an application to launch more prediction market ETFs, intended to track binary outcomes such as “whether an economic recession occurs.” These are the first batch of related products that are not political in nature. He believes that such ETFs can give investors direct exposure to the outcomes of specific events, without having to indirectly bet on market reactions through traditional assets.