Imagine placing a bet on which party wins the next US election, not at a casino, but through your regular investment account. That is exactly what two major financial firms are now trying to make possible.
Bitwise and GraniteShares, both well-known players in the investment world, have filed paperwork separately with America’s top markets regulator, the Securities and Exchange Commission, to launch a new kind of fund that pays out based on who wins US elections.
What Exactly Are These Funds?
Think of them like this—pick a side, Democrat or Republican, and put the money in. If your chosen party wins, you make money. If they lose, you lose nearly everything you invested.
Bitwise is launching six such funds under the name PredictionShares. They cover three races—the 2028 presidential election, the 2026 Senate battle, and the House of Representatives contest. Each race gets two funds, one for each party.
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The price of each fund moves up and down every day depending on how likely that party is to win, based on polls, news, and public mood. Prices shift between zero and one dollar, acting almost like a live popularity meter for each party.
GraniteShares filed nearly identical funds on the same day, and another firm called Roundhill made a similar move just days earlier.
Bloomberg analyst James Seyffart has summed these developments in a simple sentence—Wall Street is turning everything, even elections, into something you can predict and invest in.
