Neutral sentiment
Elections
Ohio Lawmaker Proposes Ban on Election Betting
PN Team • 1 week ago
Ohio state Sen. Bill DeMora (D-Columbus) has introduced Senate Bill 479 to prohibit gambling on elections, a measure that would extend to prediction markets such as Kalshi and Polymarket. The bill follows a 6th U.S. Circuit Court of Appeals ruling that Ohio can regulate prediction markets under state gambling law, a decision Kalshi is appealing. DeMora cited election-security concerns, noting large sums already wagered on Ohio's governor and Senate races, and argued unregulated prediction markets avoid taxes and licensing fees paid by sports betting operators. The bill awaits committee assignment and is unlikely to advance before the legislature returns from break in November.
Sources:
Sentiment
- Ohio Depicted as taking proactive regulatory action on election betting.
- Columbus, Ohio Mentioned only as the senator's district affiliation.
- United States Senate Referenced factually as the race with wagering activity, no portrayal implied.