The Financial Post reports in its Thursday edition that an American investment company has filed to launch a series of exchange-traded funds that will allow hockey fans to speculate on the performance of NHL teams, but experts warn it sounds like gambling. The Post's Jane Switzer writes that Volatility Shares Trust has filed a prospectus with the U.S. Securities and Exchange Commission outlining plans to create 32 individual ETFs tied to every team in the NHL. The Florida-based firm specializes in leveraged, crypto-linked and volatility-linked ETFs. Each of the NHL team funds would track a benchmark index based on 55 statistical measures that would provide "continuous, live statistical values" for each team, according to the SEC filing. The ETFs would hold futures contracts tied to those indices and not involve any form of ownership. "The prices of futures contracts are expected to rise when the team performs well statistically and to fall when the team performs poorly," according to the filing. The proposed ETFs appear to be "very similar" to prediction markets, said Dimitri Busevs at RBC Direct Investing. The ETF has no "financial instrumentation" and "smells like gambling," said RBC's Samer Nusier.