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The U.S. SEC Chairman is seeking public comments on “prediction market ETFs.”

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ME News, May 21 (UTC+8), Bloomberg Senior ETF Analyst Eric Balchunas said that the U.S. Securities and Exchange Commission (SEC) chairman is seeking public comments on "prediction market ETFs." Regulators are clearly still weighing this new product and hope to get more time and feedback. This type of product is essentially brand new (somewhat similar to crypto assets), and regulators need to ensure a full understanding of the risks and mechanisms before "opening the floodgates," thereby building sufficient confidence. (Source: ChainCatcher)
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