Ohio bill would ban election trading via event contracts

Senator Bill DeMora introduced the bill in April & now cites a recent Sixth Circuit court ruling.

The hit

An Ohio senator wants to use a recent Sixth Circuit court ruling to force sports prediction markets under state gambling law. Sen. Bill DeMora, a Columbus Democrat, says the bill would classify sports prediction markets as sports betting & ban event contracts tied to elections, according to SBC Americas.

Why it matters

Senate Bill 430 would amend Ohio law to specify how prediction markets are treated, according to SBC Americas.

The record

Bill introduced	April, by Sen. Bill DeMora (D-Columbus)
Bill number	Senate Bill 430
Cited trigger	Recent Sixth Circuit court ruling, according to DeMora

What happens next

Watch for Senate Bill 430 to move through Ohio legislative committee.

Sources: ‘It’s time’ to regulate prediction markets, Ohio senator says after federal ruling

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