Maryland election contracts attract trading as state seeks legal scrutiny
RG.org reports Polymarket's 20 Maryland election markets had recorded about 599,500 dollars in volume as of Sunday morning and Kalshi showed about 400,500 contracts traded across 27 Maryland events, even though the state elections administrator asked the state prosecutor in July to investigate whether the contracts violate Maryland's ban. Kalshi disputes that state law applies, citing federal determinations that its election markets are legal.
Maryland election markets have drawn activity on Polymarket and Kalshi despite a state ban and a request to investigate whether the contracts violate it, according to RG.org.
Polymarket’s 20 Maryland election markets had generated about 599,500 dollars in volume as of Sunday morning. Kalshi showed about 400,500 contracts traded across 27 Maryland events, RG.org reported.
State scrutiny and Kalshi’s position
In July, Maryland’s state elections administrator asked the state prosecutor to investigate whether the contracts breach Maryland’s ban, according to RG.org. The reported request concerns the contracts’ legality; the supplied reporting does not establish an investigation outcome.
Kalshi disputes that state law applies to its election markets. The platform cites federal determinations that those markets are legal, according to RG.org.
What it means for prediction markets
- The activity measures differ: Polymarket’s about 599,500 dollars represents volume, while Kalshi’s about 400,500 figure counts contracts traded. They are not directly comparable dollar totals.
- Legal applicability remains contested: Maryland’s investigation request and Kalshi’s federal-law position present competing views, rather than a reported resolution.
- Market coverage is not identical: The figures describe 20 Polymarket markets and 27 Kalshi events, so they should not be treated as matching sets of election contracts.
Sources & attribution
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