PANews news on April 29, Bloomberg ETF analyst James Seyffart posted on platform X stating that a prediction market ETF is expected to launch next week. Documents submitted by Roundhill show an effective date of May 5. The first prediction market ETFs will allow betting on whether the Democratic Party or the Republican Party will gain control of the House of Representatives or the Senate. Seyffart expects other issuers such as Bitwise and GraniteShares will also submit similar documents soon and may launch on the same day or around the same date.

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