Active managed prediction market ETFs are here, allowing bets on sports, politics, and weather. Is Wall Street trying to move the casino into the exchange?

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ETF analyst Eric Balchunas said that new actively managed prediction market ETF filings have emerged in the market, including a sports prediction market ETF. According to the filing, the ETF investment manager will simultaneously make about 30 to 50 trades in different prediction markets; one of the products will bet on events such as economic data, politics, and weather, while the other focuses on sports events.
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