The U.S. Securities and Exchange Commission (SEC) delayed its review of approximately contract-based ETFs in early May for 24 prediction rating products such as Kalshi and Polymarket, and asked issuers to complete product mechanisms and disclose details. CNBC summarized: this delay affects 24 ETFs submitted by issuers such as Bitwise, Roundhill, and GraniteShares; analysts compare it to the multi-year journey that at the time faced many obstacles with spot BTC ETFs. The SEC’s focus is

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