Direxion is hoping to expand its funds into the prediction-markets category, prepping ETFs that bet on AI, weather patterns and key performance indicators.
Our daily email brings you smart and engaging news and analysis on the biggest stories in business and finance. For free.
Prediction markets are expected to rake in about as much green as traditional sportsbooks this year, according to a Citizens note.
A proposed “event contracts” ETF would turn sports gambling into a diversified portfolio play if regulators sign off.
People can already wager via Polymarket and Kalshi that the S&P 500 will hit certain targets, but Roundhill would package that idea in ETFs.
Prediction markets may prove to be an even more lucrative opportunity than sports betting as Americans’ interest in wagers grows.
The online brokerages launched a new platform to allow investors to invest in yes-or-no trades on upcoming events.