GraniteShares Files for ETF Targeting Prediction Market Companies

GraniteShares has filed to launch the GraniteShares Prediction Markets ETF, an actively managed fund targeting publicly traded companies involved in the prediction market industry. The fund will invest at least 80% of its net assets in companies operating event-contract exchanges, trading platforms, brokerages, clearing services, market-making operations, or related technology and data infrastructure. Eligible companies must generate at least 50% of revenues or profits from prediction market activities or operate a commercially active prediction market business disclosed publicly. The portfolio may include exchange operators, online brokerages, sports betting companies, and digital asset platforms, even where prediction markets represent a relatively small share of their business. The fund will not invest directly in event contracts or privately held operators. Holdings will be rebalanced at least quarterly, with weights adjusted for prediction market exposure and capped at 25% per company. The fund will concentrate more than 25% of its assets in financials.