{"id":8612,"date":"2026-05-21T23:31:37","date_gmt":"2026-05-21T23:31:37","guid":{"rendered":"https:\/\/siliconvalleymovingpost.com\/?p=8612"},"modified":"2026-05-21T23:31:37","modified_gmt":"2026-05-21T23:31:37","slug":"sec-chief-atkins-pumps-the-brakes-on-prediction-market-funds","status":"publish","type":"post","link":"https:\/\/siliconvalleymovingpost.com\/?p=8612","title":{"rendered":"SEC chief Atkins pumps the brakes on prediction-market funds"},"content":{"rendered":"<div>\n<p><strong>By Isabelle Lee, Bloomberg News<\/strong><\/p>\n<p>The top U.S. securities regulator is delaying the launch of a wave of novel exchange-traded funds that would let investors wager on events such as elections and economic data as the agency weighs how far the $15 trillion ETF wrapper can stretch.<\/p>\n<p>Read more <a href=\"https:\/\/siliconvalleymovingpost.com\/?p=8610\">Home buyers hammered as war-fueled bond rout drives rates higher<\/a><\/p>\n<p>Securities and Exchange Commission Chairman Paul Atkins said Wednesday that he has instructed staff to seek public input on proposed products that raise new regulatory questions. He noted that fund sponsors have agreed to delay several ETFs tied to prediction market contracts while the commission deliberates.<\/p>\n<p>\u201cNovel products raise novel questions, and I appreciate the willingness fund sponsors have shown in delaying the effectiveness of a number of novel ETFs, including event contract ETFs, while we consider the implications,\u201d he wrote in a statement.<\/p>\n<p>Polymarket and Kalshi, the two dominant prediction markets, offer financial contracts that allow users to place yes-or-no bets on the outcomes of various events, including sports, elections and pop culture.<\/p>\n<p>Both platforms still require dedicated accounts and specialized on-ramps, limiting their reach. An ETF wrapper would drop political event contracts into standard brokerage accounts.<\/p>\n<p>Earlier this year, Roundhill Investments submitted paperwork for six funds that would have their value tied to event contracts on presidential, Senate and House races. GraniteShares submitted similar offerings while Bitwise Investments proposed a broader slate under the PredictionShares brand. Beyond politics, Bitwise\u2019s filings included products tied to macroeconomic outcomes, including contracts on whether the U.S. will enter a recession in 2026 and whether layoffs in 2026 will be higher or lower than in 2025.<\/p>\n<p>Read more <a href=\"https:\/\/siliconvalleymovingpost.com\/?p=8608\">Texas board faults Camp Mystic leader for inaction during deadly flood<\/a><\/p>\n<p>The ETF industry has steadily absorbed strategies once considered too exotic for a fund wrapper \u2014 from volatility futures to spot Bitcoin. Prediction market ETFs are the latest frontier.<\/p>\n<div>\n<\/div>\n<p>The new delay is notable given how accommodating Atkins has been toward digital innovation since taking the SEC\u2019s helm. His commission dropped a raft of crypto enforcement actions, greenlit a slew of crypto ETFs and signaled broad openness to blockchain-based financial products.<\/p>\n<p>The SEC didn\u2019t give a timeline for the public comment process.<\/p>\n<p>\u201cThe SEC is obviously not fully comfortable with these filings \u2014 or at least not comfortable with opening Pandora\u2019s box to all of what predictions markets offer,\u201d said James Seyffart, ETF analyst at Bloomberg Intelligence. \u201cI suspect they will be looking for a way to draw a line.\u201d<\/p>\n<p><em>(With assistance from Nicola M White.)<\/em><\/p>\n<div>\n<\/div>\n<p>\u00a92026 Bloomberg L.P. Visit bloomberg.com. Distributed by Tribune Content Agency, LLC.<\/p>\n<p>Read more <a href=\"https:\/\/siliconvalleymovingpost.com\/?p=8606\">With gold near $5,000 an ounce, Americans empty their attics, and buyers hire to keep up<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The agency is weighing how far the $15 trillion ETF wrapper can stretch.<\/p>\n","protected":false},"author":1,"featured_media":8611,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36,2],"tags":[],"class_list":["post-8612","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-based-on-facts-either-observed-and-verified-directly-by-the-reporter-or-reported-and-verified-from-knowledgeable-sources","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SEC chief Atkins pumps the brakes on prediction-market funds - Silicon Valley Moving Post<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/siliconvalleymovingpost.com\/?p=8612\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SEC chief Atkins pumps the brakes on prediction-market funds - Silicon Valley Moving Post\" \/>\n<meta property=\"og:description\" content=\"The agency is weighing how far the $15 trillion ETF wrapper can stretch.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/siliconvalleymovingpost.com\/?p=8612\" \/>\n<meta property=\"og:site_name\" content=\"Silicon Valley Moving Post\" \/>\n<meta property=\"article:published_time\" content=\"2026-05-21T23:31:37+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/?p=8612#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/?p=8612\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/#\\\/schema\\\/person\\\/636e2e5a10a21cf87fe6eb5951e8a6b7\"},\"headline\":\"SEC chief Atkins pumps the brakes on prediction-market funds\",\"datePublished\":\"2026-05-21T23:31:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/?p=8612\"},\"wordCount\":459,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/?p=8612#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/wp-content\\\/uploads\\\/2026\\\/05\\\/c70efffc6f22022f87d3a212d65ddbd6.webp\",\"articleSection\":[\"Based on facts, either observed and verified directly by the reporter, or reported and verified from knowledgeable sources.\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/siliconvalleymovingpost.com\\\/?p=8612#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/?p=8612\",\"url\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/?p=8612\",\"name\":\"SEC chief Atkins pumps the brakes on prediction-market funds - Silicon Valley Moving Post\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/?p=8612#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/?p=8612#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/wp-content\\\/uploads\\\/2026\\\/05\\\/c70efffc6f22022f87d3a212d65ddbd6.webp\",\"datePublished\":\"2026-05-21T23:31:37+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/#\\\/schema\\\/person\\\/636e2e5a10a21cf87fe6eb5951e8a6b7\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/?p=8612#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/siliconvalleymovingpost.com\\\/?p=8612\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/?p=8612#primaryimage\",\"url\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/wp-content\\\/uploads\\\/2026\\\/05\\\/c70efffc6f22022f87d3a212d65ddbd6.webp\",\"contentUrl\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/wp-content\\\/uploads\\\/2026\\\/05\\\/c70efffc6f22022f87d3a212d65ddbd6.webp\",\"width\":1024,\"height\":682},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/?p=8612#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"SEC chief Atkins pumps the brakes on prediction-market funds\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/#website\",\"url\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/\",\"name\":\"Silicon Valley Moving Post\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/#\\\/schema\\\/person\\\/636e2e5a10a21cf87fe6eb5951e8a6b7\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"http:\\\/\\\/siliconvalleymovingpost.com\"],\"url\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"SEC chief Atkins pumps the brakes on prediction-market funds - Silicon Valley Moving Post","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/siliconvalleymovingpost.com\/?p=8612","og_locale":"en_US","og_type":"article","og_title":"SEC chief Atkins pumps the brakes on prediction-market funds - Silicon Valley Moving Post","og_description":"The agency is weighing how far the $15 trillion ETF wrapper can stretch.","og_url":"https:\/\/siliconvalleymovingpost.com\/?p=8612","og_site_name":"Silicon Valley Moving Post","article_published_time":"2026-05-21T23:31:37+00:00","author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/siliconvalleymovingpost.com\/?p=8612#article","isPartOf":{"@id":"https:\/\/siliconvalleymovingpost.com\/?p=8612"},"author":{"name":"admin","@id":"https:\/\/siliconvalleymovingpost.com\/#\/schema\/person\/636e2e5a10a21cf87fe6eb5951e8a6b7"},"headline":"SEC chief Atkins pumps the brakes on prediction-market funds","datePublished":"2026-05-21T23:31:37+00:00","mainEntityOfPage":{"@id":"https:\/\/siliconvalleymovingpost.com\/?p=8612"},"wordCount":459,"commentCount":0,"image":{"@id":"https:\/\/siliconvalleymovingpost.com\/?p=8612#primaryimage"},"thumbnailUrl":"https:\/\/siliconvalleymovingpost.com\/wp-content\/uploads\/2026\/05\/c70efffc6f22022f87d3a212d65ddbd6.webp","articleSection":["Based on facts, either observed and verified directly by the reporter, or reported and verified from knowledgeable sources.","News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/siliconvalleymovingpost.com\/?p=8612#respond"]}]},{"@type":"WebPage","@id":"https:\/\/siliconvalleymovingpost.com\/?p=8612","url":"https:\/\/siliconvalleymovingpost.com\/?p=8612","name":"SEC chief Atkins pumps the brakes on prediction-market funds - Silicon Valley Moving Post","isPartOf":{"@id":"https:\/\/siliconvalleymovingpost.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/siliconvalleymovingpost.com\/?p=8612#primaryimage"},"image":{"@id":"https:\/\/siliconvalleymovingpost.com\/?p=8612#primaryimage"},"thumbnailUrl":"https:\/\/siliconvalleymovingpost.com\/wp-content\/uploads\/2026\/05\/c70efffc6f22022f87d3a212d65ddbd6.webp","datePublished":"2026-05-21T23:31:37+00:00","author":{"@id":"https:\/\/siliconvalleymovingpost.com\/#\/schema\/person\/636e2e5a10a21cf87fe6eb5951e8a6b7"},"breadcrumb":{"@id":"https:\/\/siliconvalleymovingpost.com\/?p=8612#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/siliconvalleymovingpost.com\/?p=8612"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/siliconvalleymovingpost.com\/?p=8612#primaryimage","url":"https:\/\/siliconvalleymovingpost.com\/wp-content\/uploads\/2026\/05\/c70efffc6f22022f87d3a212d65ddbd6.webp","contentUrl":"https:\/\/siliconvalleymovingpost.com\/wp-content\/uploads\/2026\/05\/c70efffc6f22022f87d3a212d65ddbd6.webp","width":1024,"height":682},{"@type":"BreadcrumbList","@id":"https:\/\/siliconvalleymovingpost.com\/?p=8612#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/siliconvalleymovingpost.com\/"},{"@type":"ListItem","position":2,"name":"SEC chief Atkins pumps the brakes on prediction-market funds"}]},{"@type":"WebSite","@id":"https:\/\/siliconvalleymovingpost.com\/#website","url":"https:\/\/siliconvalleymovingpost.com\/","name":"Silicon Valley Moving Post","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/siliconvalleymovingpost.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/siliconvalleymovingpost.com\/#\/schema\/person\/636e2e5a10a21cf87fe6eb5951e8a6b7","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","caption":"admin"},"sameAs":["http:\/\/siliconvalleymovingpost.com"],"url":"https:\/\/siliconvalleymovingpost.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/siliconvalleymovingpost.com\/index.php?rest_route=\/wp\/v2\/posts\/8612","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/siliconvalleymovingpost.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/siliconvalleymovingpost.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/siliconvalleymovingpost.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/siliconvalleymovingpost.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8612"}],"version-history":[{"count":0,"href":"https:\/\/siliconvalleymovingpost.com\/index.php?rest_route=\/wp\/v2\/posts\/8612\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/siliconvalleymovingpost.com\/index.php?rest_route=\/wp\/v2\/media\/8611"}],"wp:attachment":[{"href":"https:\/\/siliconvalleymovingpost.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8612"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/siliconvalleymovingpost.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8612"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/siliconvalleymovingpost.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8612"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}