Tema launches actively managed prediction markets ETF under ticker DICE
Tema ETFs launched DICE, an actively managed exchange-traded fund focused on trading and prediction markets, on September 9, 2026. The New York-based fund manager is pitching the product as a vehicle for equity investors to gain exposure to the prediction markets sector through publicly traded companies. The announcement was distributed via Globe Newswire. The fund trades under the ticker DICE. Tema is positioning itself as a thematic fund manager targeting niche sectors through active management rather than passive index tracking. The launch reflects ongoing efforts to package prediction markets as a mainstream investable theme within traditional brokerage accounts.
DICE opens a new capital channel into prediction markets that bypasses the regulatory friction of direct event-contract trading. Retail investors who cannot or will not open accounts at CFTC-registered platforms like Kalshi or Polymarket can now gain sector exposure through a standard brokerage account. This broadens the investor base but dilutes the direct-play thesis: the fund holds equities, not event contracts, so its performance will track software vendors and gaming companies rather than prediction-market volume or pricing.
For Tema, the play is thematic fund fees in a category with no existing ETF competition. The test is whether enough public companies derive material revenue from prediction markets to sustain a concentrated portfolio. If the fund attracts flows, competitors will file copycat products within months. If it languishes, the verdict is that investors want direct exposure or none at all. Either outcome shapes how fund sponsors frame prediction markets in prospectuses going forward.