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Ohio Sen. Bill DeMora wants sports prediction markets subject to the state’s sports betting rules and election-related contracts prohibited.
His two bills are awaiting committee hearings. The session ends Dec. 17 and bills from 2026 do not roll over to 2027.
DeMora Cites Sixth Circuit Decision
DeMora, a Columbus Democrat, renewed his call for state oversight of prediction markets such as Kalshi and Polymarket following a federal appeals court decision.
According to his statement, the United States Sixth Circuit Court of Appeals found that prediction markets can be regulated under the state’s sports betting laws. The statement does not identify the case or detail the ruling’s scope.
“This decision solidifies that prediction markets are not exempt from Ohio law, and that they need to be regulated the same way other sports betting companies are,” DeMora said.
He also argued that Ohio is losing “tens of millions of dollars every month” by not regulating the sites.
Two Bills Target Sports and Election Contracts
DeMora’s proposals address two different types of prediction-market activity:
- Senate Bill 430 specifies that using prediction markets to bet on sporting events constitutes sports gambling and is subject to the same state regulations.
- Senate Bill 479 would prohibit individuals from betting on elections and prohibit prediction markets from offering election-related contracts.
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Source: As reported by ohiosenate.gov.
