[U.S. SEC Chair Seeks Public Opinion on 'Prediction Market ETFs'] BlockBeats News, May 21: Bloomberg Senior ETF Analyst Eric Balchunas stated that the Chair of the U.S. Securities and Exchange Commission (SEC) is seeking public opinion on 'Prediction Market ETFs.' The regulatory agency is evidently still weighing this new type of product and hopes to gain more time and feedback. These products are essentially novel (somewhat similar to crypto assets), and regulators need to fully understand the risks and mechanisms before 'opening the floodgates' to ensure sufficient confidence is established. [Original Link]