Ohio Lawmakers Attempt to Wrangle Prediction Market Apps
On Polymarket as of Oct. 21, users had staked $1.4 million on the outcome Ohio’s U.S. Senate race and another $603,000 on the governor’s race. On Kalshi, users had bet $8.1 million on the Senate race and $3.6 million for governor. Ohio lawmakers are attempting to stop prediction market apps, such as Kalshi and Polymarket, which allow users to place bets on events such as political contests, sports events, commodity prices, and weather. As of Oct. 21, users had bet $1.4 million on the outcome of Ohio’s U.S. Senate race and $603,000 on the governor’�s race on Polymarket. Kalsh argued that federal law granting the CFTC authority over event contracts like swaps means states cannot't regulate its sports offerings. However, a federal court in Tennessee rejected this claim, which was rejected by another in Ohio. Ohio Republican Interim Attorney General Andy Wilson led a coalition of 38 states urging the Supreme Court to settle the matter.
Veröffentlicht : vor 14 Stunden durch Ohio Capital Journal in Politics Finance
People wanting to know who will win a contest before it’s over isn’t new, but as Ohioans head to the polls this year, there’s a bit more prognostication than in recent elections. Political polling has... [6046 symbols]
