Tema ETFs launched the Tema Trading & Prediction Markets ETF (ticker: DICE) on the Cboe exchange on September 9, 2026. This is the first ETF to provide direct exposure to the prediction markets platforms Kalshi and Polymarket.
The fund allocates approximately 15% of its assets to private companies via special purpose vehicles (SPVs). Specifically, Kalshi and Polymarket each represent about 7.3% of the total assets, allowing retail investors to access assets previously limited to venture capital and accredited investors.
The public holdings include Galaxy Digital at 4.9%, Robinhood Markets and Interactive Brokers at 4.7% each, Coinbase Global at 4.7%, and Intercontinental Exchange at 4.6%. Circle Internet Group, the issuer of USDC, is also part of the portfolio.
Tema previously integrated Kalshi into its Durable Quality ETF (ticker: TOLL) in May 2026, where it accounted for 8.18% of assets. Kalshi was valued at $22 billion after a funding round in March 2026.
Polymarket, a crypto-native platform, processed hundreds of millions of dollars in wagers during the 2024 US presidential election cycle. Trading volume across prediction markets is projected to reach $1 trillion by 2030, a nearly 20-fold increase from current levels.