Tema launches DICE ETF with direct Kalshi, Polymarket exposure

  • Tema launched DICE with private-market exposure to Kalshi and Polymarket.
  • Kalshi and Polymarket together account for about 15% of DICE’s portfolio.
  • DICE uses special purpose vehicles and does not hold event contracts directly.

Tema launched the Tema Trading & Prediction Markets ETF, trading as DICE on Cboe, with exposure to private stakes in Kalshi and Polymarket through special purpose vehicles. The fund began trading on September 9, 2026, with the two private platforms together accounting for about 15% of its portfolio. DICE also holds public companies including Robinhood Markets and Coinbase Global, offering broader exposure to trading, crypto and financial infrastructure. The thematic ETF does not hold prediction-market contracts directly, as regulators continue to scrutinize the sector. Tema President Steve Munroe said trading volume across prediction markets is forecast to increase nearly 20-fold to $1 trillion by 2030. The fund charges a 0.75% gross expense ratio.

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