Quick TakeQuick Take

• Bloomberg ETF analyst James Seyffart said the first prediction market ETFs could launch next week, with Roundhill’s SEC filing setting a May 5 effective date.
• The ETFs allow investors to take directional positions on upcoming U.S. elections through a traditional ETF wrapper.

The first lineup of prediction market exchange-traded funds may hit the U.S. next week, according to Bloomberg ETF Analyst James Seyffart.

On Tuesday, New York-based issuer Roundhill filed a post-effective amendment under Rule 485(b) with the Securities and Exchange Commission, setting a new effective date for its previously filed registration statement.

"Looks like we are going to see prediction markets ETFs launch next week," Seyffart said.

The filing states that Roundhill's six prediction market funds will be given a new effective date of May 5. The six ETFs are the RPM Democratic President ETF, RPM Republican President ETF, RPM Democratic Senate ETF, RPM Republican Senate ETF, RPM Democratic House ETF, and RPM Republican House ETF.

...read more at heblock.co