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SEC review delays first prediction-market ETFs
More than two dozen funds are still waiting for approval as issuers try to turn election and recession bets into tradable retail products, Reuters said.
PROVIDENCE, Rhode Island — More than two dozen exchange-traded funds tied to elections, recessions, tech layoffs and other real-world events are still awaiting U.S. regulatory clearance, as issuers race to package the booming prediction-market business into a product retail investors…