'Canary in the Coal Mine': States Threaten Crackdown on Election Betting

‘Canary in the coal mine’: States threaten crackdown on election betting - Regional Media News

(NEW YORK) - On prediction markets like Kalshi and Polymarket, bettors can put money on dozens of election-related bets in Maryland, from the winner of the upcoming gubernatorial race to the margin of victory in the state's 6th Congressional District. For most Americans, the Maryland elections are fair game - races in the state are already generating hundreds of thousands of dollars in trading volume on the major prediction markets. But not for …

'Canary in the coal mine': States threaten crackdown on election betting

Booths await Maine residents to cast their ballots at a polling station inside the Portland Exposition Building on June 9, 2026 in Bangor, Maine. (CJ Gunther/Getty Images) (NEW YORK) — On prediction markets like Kalshi and Polymarket, bettors can put money on dozens of election-related bets in Maryland, from the winner of the upcoming gubernatorial race to the margin of victory in the state’s 6th Congressional District.  For most Americans, the …

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

People trade on potential Democratic presidential candidates on the predictions market site Polymarket in February. Polymarket and Kalshi, another site, also feature trades on Maryland congressional and gubernatorial races -- what state officials say amounts to illegal betting on elections. (Photo illustration by Scott Olson/Getty Images)Maryland residents wagering on the outcome of elections using online prediction markets could find themselves…

‘Canary in the coal mine’: States threaten crackdown on election betting

(NEW YORK) - On prediction markets like Kalshi and Polymarket, bettors can put money on dozens of election-related bets in Maryland, from the winner of the upcoming gubernatorial race to the margin of victory in the state's 6th Congressional District. For most Americans, the Maryland elections are fair game - races in the state are already generating hundreds of thousands of dollars in trading volume on the major prediction markets. But not for …