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Ohio Senator Proposes Treating Sports Prediction Markets as Gambling
Ohio state senator Bill DeMora wants to regulate prediction markets after a federal appeals court ruling, proposing that sports contracts be classified as sports betting and election trading banned.
HighRisk Media Newsroom, , 1 min read · Читать по-русски
Ohio state senator Bill DeMora (D-Columbus) is calling for prediction marketsРынок прогнозовA prediction market is a trading platform where participants buy and sell contracts on the outcome of a future event. The contract price reflects the estimated probability of that outcome. to be regulated and wants to use a recent ruling by the Sixth Circuit Court of Appeals to do so.
According to the report, Senate Bill 430, introduced in April, would amend state law so that sports prediction markets are classified as sports gambling.
A separate provision of the bill addresses a ban on election trading via event contracts.
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prediction marketsOhiosports bettingregulationevent contracts