The U.S. SEC delays the review of the first batch of prediction market ETFs, involving ETF products linked to real-world events such as election outcomes and economic recessions.

BlockBeats News, May 4th, according to Reuters reports, the U.S. Securities and Exchange Commission (SEC) has delayed its review of the first batch of prediction market ETFs, causing the launch of over 24 products scheduled for last week to be postponed. Sources familiar with the matter revealed that the SEC is requesting issuers to further clarify the product mechanisms and disclosure details, and this delay is expected to be temporary. Issuers such as Roundhill Investments, Bitwise Asset Management, and GraniteShares submitted applications in February this year to launch ETF products linked to real-world events such as election results, economic recessions, tech layoffs, and oil prices. According to SEC rules, ETF applications typically become effective automatically 75 days after submission (the original deadline is this week), unless the regulatory agency intervenes.

Currently, Roundhill has set May 5th as the effective date, and products from Bitwise and GraniteShares are also expected to launch around the same time. Bloomberg ETF analyst James Seyffart previously predicted these products would be available next week. The market is closely watching whether the SEC will ultimately approve these products, which open up a new “event contract” asset class. Bitwise Chief Investment Officer Matt Hougan stated, “This is a rapidly maturing field, and regulation is also maturing in tandem,” and pointed out that innovative products like Bitcoin ETFs have also gone through lengthy review processes but were ultimately successfully launched.