Ohio state Senator Bill DeMora is preparing to revive legislation that would bring sports prediction markets under state gambling regulation and prohibit election-related betting.
The renewed effort follows a federal appeals court ruling that supported Ohio’s authority to enforce its gambling laws against prediction-market platforms.Legislative direction
The proposals would seek to subject sports event contracts to state oversight and prevent markets based on election outcomes. DeMora plans to reintroduce the bills in 2027, so the announcement signals a future legislative push rather than an immediate market change.
The issue is part of a growing US debate over whether event contracts should be treated as financial derivatives or gambling products. Operators and technology providers will need to track federal litigation and state-level licensing approaches.