Maryland residents must stay away from prediction market trades on the outcome of elections or risk prosecution for illegal wagering, the state’s top elections official warned.
State Elections Administrator Jared DeMarinis cautioned Maryland residents against engaging in prediction market trades related to election outcomes. DeMarinis highlighted that residents who participated in congressional and gubernatorial primary race predictions were making illegal wagers, which could lead to legal consequences.
DeMarinis emphasized the importance of refraining from such activities to avoid violating state laws on illegal gambling. The warning comes as a reminder for residents to steer clear of election prediction market trades to prevent potential legal issues.
