The prediction market ETF is expected to launch next week, with the first batch of products focusing on the outcomes of the US Congressional elections.

According to ChainCatcher, Bloomberg ETF analyst James Seyffart disclosed in a post that prediction market ETFs are expected to officially launch next week. Roundhill has submitted the relevant application documents, with the effective date set for May 5. The first prediction market ETFs will be based on the outcome of whether the U.S. Democratic or Republican Party controls the House of Representatives or the Senate.