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.

Mars Finance News: The U.S. Securities and Exchange Commission (SEC) has delayed its review of the first batch of prediction market ETFs, causing over 24 planned products to be postponed. Sources familiar with the matter revealed that the SEC is requesting issuers to further clarify 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, aiming 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 unless the regulator 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. The market is closely watching whether the SEC will ultimately approve these products that open up the “event contract” asset class. Bitwise Chief Investment Officer Matt Hougan stated, “This is a rapidly maturing field, and regulation is maturing in tandem,” noting that innovative products like Bitcoin ETFs have also gone through lengthy review processes but were ultimately successfully launched.