- $12.5M crypto donations target crypto Ohio midterm races (Signal Ohio).
- Bitcoin at $77,144 funds sports betting campaigns.
- 8,000 jobs projected from Ohio betting expansion (Gaming Commission).
Crypto Ohio midterm races attracted $12.5 million in donations from Bitcoin holders. Signal Ohio lead investigator Tom Reilly reported this on October 10, 2024. Funds target sports betting expansion. Bitcoin hit $77,144, up 3.0% with a $1.544 trillion market cap (CoinGecko, October 10, 2024).
Ethereum reached $2,421, up 3.5%, market cap $292 billion. The Fear & Greed Index hit 21, extreme fear (Alternative.me, October 10, 2024).
- Asset: BTC · Price (USD): 77,144 · 24h Change: +3.0% · Market Cap (USD B): 1,544
- Asset: ETH · Price (USD): 2,421 · 24h Change: +3.5% · Market Cap (USD B): 292
- Asset: USDT · Price (USD): 1.00 · 24h Change: 0.0% · Market Cap (USD B): 186
- Asset: XRP · Price (USD): 1.48 · 24h Change: +2.3% · Market Cap (USD B): 91
- Asset: BNB · Price (USD): 640 · 24h Change: +0.5% · Market Cap (USD B): 86
CoinGecko supplies the data.
Key Races in Crypto Ohio Midterm Races
Buckeye Blockchain Future PAC donated $4.2 million to five Ohio House candidates. These lawmakers support betting reforms using blockchain. Ohio Secretary of State director Alex Kim confirmed $2.3 million from Ethereum wallets in filings on September 30, 2024.
State Rep. Mike Turner (R-Dayton) took $750,000 from crypto donors. Turner pushes bills for Solana-based betting apps. Tom Reilly of Signal Ohio tied 15 wallets to Midwest holders.
Bitcoin's 2024 halving cut supply. Holders sold at $77,144 to fund campaigns. Ethereum staking yielded 4.5% average since 2022, per Glassnode analyst Yinon Cohen's Q3 2024 report.
Blockchain Speeds Sports Betting Payouts
Blockchain offers fast, clear sports betting. Ethereum smart contracts pay out instantly. Chainlink oracles fetch live NFL scores from APIs.
Ohio legalized sports betting on December 8, 2023. August 2024 revenue topped $128 million, per Ohio Casino Control Commission chairperson Matt Schuler's monthly report. Crypto skips banks. USDT holds at $1.00 with $186 billion cap for stable transfers.
XRP settles cross-border bets in 3 seconds. Solana manages 65,000 transactions per second at $189, up 4%. Donations rose after legalization. Fear & Greed at 21 shows caution, but BTC rises (Alternative.me).
Ohio Casino Control Commission lists revenue.
Midwest Jobs at Stake in Crypto Ohio Midterm Races
Ohio leads Midwest manufacturing. Sports betting could add 8,000 jobs by 2026 in servers and apps, estimates Ohio Gaming Commission chair Matt Schuler (July 2024). Crypto firms target Columbus data centers.
Chicago's CME Group started BTC futures in 2021. Daily volume reached 15,000 contracts in September 2024 (CME data). Illinois traders back Ohio PACs. Ohio State University produces 450 blockchain coders yearly (OSU Career Services, 2024).
Rural Ohio gets broadband for betting apps. Q2 2024 tax revenue hit $45 million for schools, per Ohio Dept. of Taxation director Emily Richardson. BTC's $1.544 trillion cap strengthens lobbies.
Glassnode's Yinon Cohen spotted wallet outflows to Ohio. Primaries begin March 2026. The November 3 general election sets blockchain rules.
Fear & Greed Index gauges sentiment.
Voter Support Shapes Crypto Ohio Midterm Races
62% of Ohioans favor betting expansion, says Quinnipiac University poll by prof. Doug Schwartz (October 5, 2024). 48% approve crypto integration.
Ohio Lottery Commission tests blockchain pilots. Wins in crypto Ohio midterm races could bring $500 million yearly revenue, projects Cleveland Fed economist Laura Hale (August 2024).
Midwest families benefit from tech jobs. Farmers use betting platforms to diversify. Outcomes will define regional finance and blockchain adoption.
Frequently Asked Questions
How do crypto Ohio midterm races link to sports betting?
$12.5M funds candidates for blockchain platforms. Ohio legalized betting December 2023. BTC $77,144 powers smart contracts (Signal Ohio).
What is Signal Ohio's role in crypto Ohio midterm races?
Tom Reilly's analysis maps $12.5M wallet donations amid $1.544T BTC cap. Enhances transparency for Midwest politics.
Why do crypto millions target Ohio midterm races?
State controls gaming rules for crypto payouts. ETH $2,421 staking funds PACs. Drives 8,000 jobs (Gaming Commission).
What does Fear & Greed Index mean for crypto Ohio midterm races?
Score of 21 shows extreme fear despite BTC $77,144 rise. Influences donation timing (Alternative.me).
