Tema, one of a growing number of ETF providers offering funds that track thematic trends, has filed with the U.S. securities regulator to roll out a new exchange-traded vehicle offering exposure to prediction market platforms and the trading infrastructure that supports them.
The U.S. Securities and Exchange Commission is already considering whether or not to approve some two dozen ETFs by other firms seeking to repackage prediction market questions into a product investors can trade as easily as a stock, offering an alternative way to play the boom, in this space.
Per the filing by Tema, it plans to invest in publicly traded companies that are either prediction market platforms or trading companies. That likely means a mix of exchanges, brokerage firms, market-making companies, and potentially financial data providers.
I’m mixed on this, but it aligns with my “Guilty Pleasure” investment theme.
With 30 years of cross-industry experience, Chris Versace brings his thematic investing lens to TheStreet Pro Portfolio (formerly Action Alerts PLUS) each day as lead portfolio manager. His daily insights, analysis, and recommendations provide the foundation for TheStreet's Pro Portfolio.
Versace began his career in equity research before founding Versace Management in 2005. He joined TheStreet team in 2011 as a Real Money contributor before becoming portfolio manager of Action Alerts PLUS in 2021. He holds an MBA from Fordham Gabelli School of Business and has co-authored a book called “Cocktail Investing - Distilling Everyday Noise into Clear Investing Signals for Better Returns.”
With a passion for teaching others about investing, Versace spent 9 years as an Assistant Professor of Finance at NJCU School of Business. When he’s not contributing to TheStreet’s premium services, he can be found speaking at industry conferences or at a Bruce Springsteen concert (he’s seen him 50 times and counting!).
