A proposed “event contracts” ETF would turn sports gambling into a diversified portfolio play if regulators sign off.
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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.