Ohio HB887 prohibits public officials and employees from using prediction markets.

Ohio HB887 amends the state's ethics laws to prohibit public officials and employees from using prediction markets. Specifically, it bans public officials and employees from having a financial interest in a prediction market or receiving compensation from such markets. The bill defines a prediction market as a system allowing the acquisition, sale, or trading of event contracts, excluding sports gaming. The bill also outlines penalties for violations, including fines and potential disqualification from public contracts.

Ohio HB887 prohibits public officials and employees from using prediction markets.

Ohio HB887 amends the state's ethics laws to prohibit public officials and employees from using prediction markets. Specifically, it bans public officials and employees from having a financial interest in a prediction market or receiving compensation from such markets. The bill defines a prediction market as a system allowing the acquisition, sale, or trading of event contracts, excluding sports gaming. The bill also outlines penalties for violations, including fines and potential disqualification from public contracts.