Wall Street Pushes Deeper Into Prediction Markets With New ETF Filings

In brief

• Bitwise, Roundhill, and GraniteShares have filed for election-linked prediction market ETFs.
• Experts say demand and liquidity could be strong from hedge funds, but warn that political event markets also raise manipulation and insider information risks.
• The filings land as U.S. midterms approach and the CFTC moves to assert federal authority over prediction markets.