Bitwise seeks SEC nod for 2028 election prediction market ETFs as Wall Street pushes to wrap bets

• Bitwise files for 2028 U.S. election prediction market ETFs, targeting SEC approval. • ETFs would allow investors to bet on presidential race outcomes. • Wall Street pushes to wrap bets, seeking regulatory clarity. • State regulators intensify scrutiny of prediction market products. • Bitwise aims to capitalize on growing interest in political betting. • SEC’s stance on such ETFs remains uncertain, pending review.

Article Summaries:

• Bitwise filed for prediction market ETFs tied to the 2028 U.S. presidential election amid state regulatory scrutiny on the sector.

Sources:

• https://www.theblock.co/post/390310/bitwise-seeks-sec-nod-for-2028-election-prediction-market-etfs-as-wall-street-pushes-to-wrap-bets?utm_source=rss&utm_medium=rss