The SEC has delayed the launch of 24 prediction market ETFs, blocking products from Bitwise, Roundhill, and GraniteShares that were set to begin trading this week.
The affected ETFs were designed to track prediction market odds on events such as the 2028 presidential election, tech industry layoffs, and recession probability.
Under standard SEC rules, ETF filings become effective after 75 days unless the commission intervenes. Sources say the SEC halted the clock just before the deadline, requiring additional regulatory review.
The delay reflects ongoing tensions over prediction market regulation. The Commodity Futures Trading Commission recently sued New York and Wisconsin over state-level crackdowns, asserting federal authority over such platforms.
The move also follows a Senate vote to prohibit lawmakers from trading on prediction markets, citing insider trading concerns.
Prediction markets have surged in popularity. Platforms like Polymarket and Kalshi generated billions in trading volume in early 2026.