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Bloomberg ETF analyst Eric Balchunas said alternative asset manager Subversive Capital has filed for two actively managed prediction market ETFs, including the Subversive Prediction ETF and the Subversive All Season Sports ETF. The relevant funds are expected to place bets on approximately 30 to 50 events across different prediction markets, covering areas such as macroeconomics, politics, weather, and sports events. Balchunas described them as “degen Peter Lynch,” a “degenerate” version of Peter Lynch.