SEC delay on prediction markets ETFs echoes a long-fought bitcoin fund battle
Krysta Escobar
CNBC
May 10, 2026
LBKM partner and former federal prosecutor Anthony Capozzolo commented on the SEC's decision to delay the launch of 24 prediction markets ETFs.
According to Anthony Capozzolo, attorney at Lewis Baach Kaufmann Middlemiss who specializes in white-collar law and regulatory matters, a unique factor in this case is Trump family ties to prediction markets operators. Donald Trump Jr. is an adviser to both Kalshi and Polymarket, and he is affiliated with a firm that has an investment stake in the latter. “At the very least, they want to better understand what the impact of these ETFs may [be] on retail customers,” Capozzolo wrote in an email to CNBC.