Don’t bet on it: State eyes action against election ‘trading’ on prediction markets

By: Will Hammann, Bryan P. Sears

Outlets: Maryland Matters

Published: June 23, 2026

Words: 914

Last Updated: 4 weeks, 1 day ago

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Maryland residents wagering on the outcome of elections using online prediction markets could find themselves on the wrong side of election law and potentially face criminal prosecution, state officials say.

Hundreds of thousands of dollars have already been spent this cycle by users betting on the winners of every congressional and gubernatorial primary in Maryland on prediction market platforms such as Kalshi and Polymarket.

But wagering on elections in the state is illegal. State Elections …

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