Using crypto prediction markets to speculate on the ETF

Prediction markets allow speculators to bet directly on events, as opposed to betting on the market’s reaction to said events. They can be used as hedging tools and also as a place to place bets on real-world unknowns, such as whether or not the BTC ETF will get approved by X date.

I don’t know how the market is going to react if the ETF is approved, but I do think it will be approved. I’ve been using Polymarket to facilitate this bet. Purely trading the news is taking a load off of my back, so if anybody is pulling their hair out trying to predict ETF PA, this is what I would do if I were you.