Will Prediction Markets Come to ETFs?

Will Prediction Markets Come to ETFs?

From Trillions by Bloomberg

April 9, 2026 · 32 min

About this episode

The episode discusses the potential for ETFs tied to prediction markets and features an interview with Matt Hougan.

Just when it feels like ETFs have done it all, along comes some filings that push the frontier. A trio of issuers wants to launch funds tied to prediction markets -- letting investors wager, from their brokerage accounts, on outcomes like which political party will control the White House or Congress. But how would these ETFs actually work? What else might get packaged this way? And will regulators ever sign off? On this episode of Trillions, Eric Balchunas and Joel Weber interview Matt Hougan, CIO of Bitwise and one of the filers, about why prediction market ETFs might make sense, how they’d work, and whether this is the start of a much bigger wave of event-based ETF investing. See omnystudio.com/listener for privacy information.

People in this episode

Hosts: Eric Balchunas, Joel Weber

Guest: Matt Hougan

Topics covered

  • ETFs
  • prediction markets
  • investing
  • regulation
  • event-based investing

Keywords

  • prediction markets
  • ETFs
  • investing
  • regulation
  • political outcomes
  • Bitwise
  • event-based investing

Mentioned in this episode

Organizations: Bitwise, ETFs, Congress, White House

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