Tema ETF Trust filed preliminary plans for an actively managed fund focused on trading infrastructure and prediction-market companies.
Kalshi said it raised $1 billion in a Coatue-led Series F, valuing the prediction market operator at $22 billion amid rising institutional volume.
Sporttrade’s pending CFTC applications highlight the debate over whether sports prediction markets should be regulated federally or by states.
The CFTC has opened a rulemaking process for U.S. prediction markets, seeking public comment on event contracts, manipulation risks and insider trading concerns.
Nasdaq has filed with the SEC to list binary, prediction-style options tied to the Nasdaq 100 index, marking a major step toward regulated event-based trading.
Prediction markets have diverted more than $500 million in potential sports betting tax revenue from states, according to the American Gaming Association.
The CFTC-regulated prediction market said it penalized a MrBeast employee and a former political candidate for trading on non-public information.