Catenaa, Wednesday, February 25, 2026-Bitwise has filed with the US Securities and Exchange Commission to launch exchange traded funds tied to contracts on the 2028 US presidential election, seeking to wrap prediction market bets inside a traditional ETF structure.
The proposed funds, branded PredictionShares, would hold event contracts that rise or fall in value based on specific political outcomes.
Such contracts trade on regulated venues where participants buy shares reflecting the probability of real world events.
The filing marks a fresh effort by asset managers to test demand for political event exposure in brokerage accounts.
GraniteShares and Roundhill have submitted similar proposals, according to SEC records. Analysts say the wave of filings signals Wall Street interest in turning event driven wagers into mainstream products.
Supporters argue the structure could let investors hedge portfolios around election risks. Others warn it blurs the line between investing and betting. Industry observers describe the move as part of a broader push to package nontraditional exposures into ETFs.
The proposals arrive amid regulatory friction over prediction markets.
Earlier this month, Nevada regulators challenged Coinbase’s event contracts offering, arguing it resembled unlicensed sports betting. The company has said its contracts fall under federal derivatives oversight.
Polymarket and Kalshi have also faced state level disputes. The Commodity Futures Trading Commission recently asserted federal authority over prediction markets in a court brief, intensifying the debate.
The SEC has not yet indicated whether it will approve the election linked ETF filings.
