New ETF Lets You Invest in Kalshi and Polymarket Before They Go Public

TLDR

• Tema ETFs launched the DICE ETF on Sept. 9, giving investors indirect exposure to prediction markets Kalshi and Polymarket
• The fund holds private shares through special purpose vehicles, not actual prediction market contracts
• Kalshi and Polymarket were each valued at over $20 billion in recent funding rounds, with Kalshi possibly targeting $40 billion
• Prediction market trading volume hit over $10 billion monthly on each platform this summer
• Legal challenges remain, as several states are pushing to classify these platforms as sportsbooks

Tema ETFs launched a new exchange-traded fund called the Tema Trading and Prediction Markets ETF on Sept. 9. The fund trades under the ticker DICE and gives everyday investors a way to get exposure to prediction markets Kalshi and Polymarket without buying shares directly.

Tema launching a prediction markets ETF (theme ETF not actual event contracts, SEC still pondering those) but it has 15% in privates Kalshi and Polymarket. This makes sense to me re using the 15% illiquidity bucket- theme ETFs or sectors might as well get dose of private co part… pic.twitter.com/ybFfbyhppL

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