U.S. ETF issuer Roundhill Investments has submitted an application to the U.S. Securities and Exchange Commission to launch six event contract exchange-traded funds (ETFs) related to the outcome of the 2028 U.S. presidential election.

ETF analyst Eric Balchunas posted on the X platform on Saturday that if approved, these types of ETF products could be "potentially groundbreaking." Balchunas stated: "This will open up huge space for various types of products." He added that although the registration threshold for prediction market applications is already very low, the participation threshold for ETFs is "one level lower." Roundhill submitted documents to the U.S. SEC on Friday, planning to launch six ETFs to allow investors to speculate on the outcome of the 2028 U.S. presidential election.

The documents state: "To achieve its investment objectives, the fund will invest in or seek exposure to a unique derivative instrument called an 'event contract'." The proposed ETFs include: Roundhill Democratic President ETF, Roundhill Republican President ETF, Roundhill Democratic Senate ETF, Roundhill Republican Senate ETF, Roundhill Democratic House ETF, and Roundhill Republican House ETF.