#SEC

🔮 SEC looks to the future: should we wait for an ETF for prediction markets?

It seems that the US regulator (#SEC ) has decided to take a break and think before allowing retail investors to legally “bet” on elections or corporate reports through regular brokerage accounts.

The new SEC chairman Paul Atkins stated that “new products raise new questions” and officially asked for public comments. Because of this, applications from giants such as Bitwise (with the PredictionShares series), Roundhill and GraniteShares are on hold for now.

📈 Why is this a hot topic?

Crazy volumes: Over the past year and a half, prediction markets (such as Polymarket or Kalshi) have become one of the most powerful trends. Monthly trading volume there has already consistently exceeded $15 billion!

Bitcoin’s path: Creating an #etf for prediction markets is an attempt to institutionalize this hype. It’s all following the pattern of spot crypto ETFs, which were once considered wild, but are now attracting billions of dollars.

Legality Struggle: Complicating matters is that platforms like Kalshi are still fighting legal battles in several US states over the legality of their contracts.

🎙 What do the experts say?

Bloomberg analyst Eric Balčunas notes that the regulator is “clearly struggling” with how to classify this new asset class. In his opinion, the SEC simply wants to make sure everything is safe before “opening the stable doors.”