Tema is launching a prediction-market exchange-traded fund, according to a post on X cited by Bloomberg ETF analyst Eric Balchunas. He said the product is structured as a thematic ETF rather than an ETF holding actual event contracts, a category that the U.S. Securities and Exchange Commission is still considering. The distinction matters because it places the product in a different regulatory bucket from funds that would directly track event-based prediction markets. Balchunas also said 15% of the ETF’s portfolio will be allocated to private assets related to Kalshi and Polymarket. The fund’s management fee is set at 75 basis points. The update points to a new attempt to package prediction-market exposure through a listed fund structure while staying within the current approval framework described in the post.
Tema is launching a prediction-market exchange-traded fund, Bloomberg ETF analyst Eric Balchunas said in a post on X.
Balchunas said the product is a thematic ETF, not an ETF tied to actual event contracts. The latter remains under consideration by the U.S. Securities and Exchange Commission.
He added that 15% of the fund will be allocated to private assets linked to Kalshi and Polymarket, and that the management fee will be 75 basis points.
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