Financial Analysts Skeptical of Sports Event Contract Prediction
US financial analysts have poured scorn on plans to launch prediction market and sports contract-themed exchange-traded fund (ETF) products, likening them to stock picking.
ETFs
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SEC Delays Decision on Prediction Market ETFs
The US Securities and Exchange Commission (SEC) has postponed decisions on a series of proposed prediction market exchange-traded funds (ETFs) while it examines how event-based contracts should fit within the existing ETF regulatory framework.