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One platform for global traditional assets
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The Crypto World News reports that the U.S. Securities and Exchange Commission (SEC) has delayed the launch of prediction market ETFs from Kalshi and Polymarket, extending the review process and requesting further clarification on the operation of the new products and investor disclosures. This update affects ETF applications from Bitwise Asset Management, Roundhill Investments, and Graniteshares, which aim to launch ETFs linked to actual outcomes covering economic models, corporate events, and elections. The SEC's delay is viewed by market participants as a normal review rather than a rejection and is expected to be temporary. SEC rules require proposals to take effect after 75 days; if no action is taken, they automatically expire.