PANews reported on May 21 that Bloomberg ETF analyst Eric Balchunas wrote on the X platform that the chairman of the U.S. Securities and Exchange Commission (SEC) is seeking public comment on prediction market ETFs. The SEC is clearly weighing these products and wants to gain more time and market feedback. Balchunas commented that prediction market ETFs are a completely new concept, similar to cryptocurrencies, and the SEC wants to be fully prepared before opening the door.