How a prediction market ETF pays

An event contract pays $1.00 if a stated event happens and $0.00 if it does not. Its price in between is the market's chance of the event. A fund holding one side ends at one of two prices, and filings warn it may lose substantially all its value. Issuers differ on whether a fund tracks one event or many, and on how much each says about how it holds them.

The answerOne drawing that carries it.

How a binary fund pays

How a binary prediction market fund pays, as the filings state it; Data as of Nov 4, 2026.
The evidenceWhy, in charts and cards.

How a prediction market ETF pays, as of Nov 4, 2026

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Bitwiseone event per fund16CFTC-regulated designated contract marketCayman Islandsyes
Direxiona portfolio of contracts4designated contract marketCayman Islandsnot stated
GraniteSharesone event per fund7CFTC-regulated designated contract marketCayman Islandsyes
Hedgeyea portfolio of contracts2not statednot statedyes
Roundhillone event per fund10CFTC-regulated designated contract marketCayman Islandsyes

How a prediction market ETF pays, as of Nov 4, 2026. Source: ETFIQ.

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Every name, date and number here is read from the registration statements above. A value a filing leaves blank is shown as blank.

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None of these funds trades, so there are no prices, fees or returns.

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39 funds filed

5 issuers

Prediction market ETFs · 39 filed · 0 trading

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ETFIQ, How a prediction market ETF pays, data as of Nov 4, 2026. https://etfiq.com/prediction-markets/how-a-binary-fund-pays/

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