Roundhill files 2028 election ETFs

Roundhill Investments has filed with the US Securities and Exchange Commission to launch six exchange-traded funds tied to event contracts on the 2028 US presidential and congressional elections.

ETF analyst Eric Balchunas said the proposed products could be transformative if approved, expanding mainstream access to political prediction markets.

“Opens up huge door to all kinds of stuff,”

Balchunas wrote on X, adding that while prediction market apps are simple to access, ETFs are “just that much easier.”

The proposed funds include the Roundhill Democratic and Republican President ETFs, alongside Democratic and Republican Senate and House ETFs, each seeking exposure to political outcome event contracts as a form of derivative instrument.

Roundhill warned that while the ETF linked to the eventual winning outcome aims to deliver capital appreciation, the five funds tied to losing outcomes could see a sudden and substantial collapse in net asset value, potentially wiping out nearly all invested capital.

The filing also cautioned that US rules governing event contracts remain in flux and subject to heightened scrutiny, noting regulators could restrict, suspend or prohibit certain political outcome contracts.