Tema launches prediction markets ETF with 15% in private companies Kalshi and Polymarket

Tema ETFs just gave Wall Street a front door into the prediction markets boom. The firm’s new Tema Trading & Prediction Markets ETF, trading under the ticker DICE on the Cboe exchange, is the first ETF to offer direct exposure to both Kalshi and Polymarket, two platforms that have become the backbone of a rapidly expanding event-contract industry. The fund launched on September 9, 2026, with roughly 15% of its assets allocated to private companies through specially created special purpose vehicles. Kalshi and Polymarket each account for approximately 7.3% of the fund’s total assets, giving retail investors something that was previously reserved for venture capital rounds and accredited investor deals. What’s inside the fund DICE carries a gross expense ratio of 75 basis points, or 0.75%. Galaxy Digital leads the holdings at roughly 4.9% of assets. Robinhood Markets and Interactive Brokers each sit around 4.7%. Coinbase Global also clocks in near 4.7%. Intercontinental Exchange, the parent company of the New York Stock Exchange, rounds out the top five at about 4.6%. Circle Internet Group, the issuer of the USDC stablecoin, also appears among the holdings. The private holdings a...