Tema Launches First Prediction Markets ETF with Stakes in Kalshi and Polymarket

Key Facts

1Tema has launched a new prediction markets ETF, allocating 15% of its portfolio to private companies Kalshi and Polymarket.

In a move reflecting the rapid growth of the event-contract industry, Tema has launched a first-of-its-kind ETF focused on the prediction markets sector, providing retail investors a regulated bridge to private, crypto-adjacent entities. According to reports, the new fund allocates 15% of its portfolio to private companies Kalshi and Polymarket, with each accounting for approximately 7.3% of total assets. The launch aims to democratize access to this burgeoning sector, which was previously reserved for venture capital rounds and accredited investor deals.

The fund's holdings, trading under the ticker DICE on the Cboe exchange, are distributed among industry leaders and major fintech firms per market data. Galaxy Digital leads the portfolio at roughly 4.9%, followed by Robinhood Markets, Coinbase Global, and Interactive Brokers at approximately 4.7% each, alongside exposure to Circle Internet Group. This structure utilizes Special Purpose Vehicles (SPVs) to allow the ETF to hold stakes in non-public companies, giving investors a way to bet on the firms behind the prediction platforms.

Regarding current market levels, updated price data for the instrument was unavailable at close September 9, 2026; however, qualitative outlooks remain focused on the potential expansion of trading volumes within the sector. Looking ahead, traders should monitor upcoming US economic catalysts including the Balance of Trade and Initial Jobless Claims, as well as a scheduled speech by the Fed's Waller, which may influence risk sentiment across fintech and crypto-related markets.