Top election official asks state prosecutor to investigate prediction markets

Maryland’s top elections administrator asked the state prosecutor to investigate whether prediction market platforms are legal under state election wagering rules. In a one-page letter dated July 23, Elections Administrator Jared DeMarinis said he believes the law is clear: the platforms allow users to wager money on state and local election outcomes, with returns tied to results certified by election officials. He requested review and possible clarification on how Election Law applies to election prediction markets. State Prosecutor Charlton T. Howard III declined to comment, citing a policy not to discuss investigation status unless charges are filed. The article notes that prediction markets such as Kalshi and Polymarket let users trade on event outcomes, and that companies argue users are trading rather than betting, a view supported by the CFTC. Violations in Maryland are misdemeanors with fines of $50 to $500.