Wall Street Wants to Turn Election Bets Into Investments

Wall Street meets the ballot box: Roundhill Investments files for binary election ETFs

Wall Street Wants to Turn Election Bets Into Investments

“Roundhill Investments has asked the Securities and Exchange Commission for permission to launch six ETFs that would let investors wager on U.S. election outcomes through standard brokerage accounts — the most ambitious attempt yet to bring prediction markets into mainstream finance,” Bloomberg reports. “The proposed exchange-traded funds, disclosed in a filing on Feb. 13, cover presidential, Senate and House races across both parties.”

Wall Street Wants to Bring Election Bets Into Brokerage Accounts

Roundhill Investments has asked the US Securities and Exchange Commission for permission to launch six ETFs that would let investors wager on US election outcomes through standard brokerage accounts — the most ambitious attempt yet to bring prediction markets into mainstream finance.