Let's first look at the system up close. I will show you why Ohm's law has nothing to do with the picture you describe, how it emerges and when is applicable.
Setup
For simplicity let's have a charged fluid flowing at some constant velocity $v$. Your question is formulated in terms of rotation, but we always can look close enough such that it is not different from straight flow. This does not change the conclusion.
Each particle has some change $q$ and mass $m$. Density of the particles $n$ is constant as well. The dynamical equation of the fluid is very simple, because there are no forces:
$$ m n \dot{\vec{v}} = 0 $$
During a period of time $\Delta t$, the flow moves charge on a distance $\Delta L = v \Delta t$. For concreteness let's take some cylinder of length $\Delta L$ and base area $S$. Then, during $\Delta t$ a total charge $\Delta Q = q n \Delta L S$ was moved. Basically this is a definition of a current:
$$ I = \frac{\Delta Q}{\Delta t} = q n v S $$
But nothing changed!
Yes, the system looks exactly the same in time and space and all exited charge has been replaced. Distribution of charges looks the same, so electric field of the fluid is as if it did not move at all. But current induces magnetic field:
$$ \vec{\nabla}\times \vec{B} = \mu_0 \vec{J} $$
where $\vec{J} = q n \vec{v}$ is the current density — the current per small area $S \to 0$.
This magnetic field is detectable and is an experimental proof of the current.
But Ohm's law?
Ohm's is formulated for conductors where the charges do not move by themselves, but are propelled by electric force $q \vec{E}$. The equation of motion changes correspondingly:
$$ m n \dot{\vec{v}} = n q \vec{E} $$
In these conditions, charges would accelerate endlessly which does not happen in a reality. This is due to the collisions between moving charges and other particles that counteract electric force (e.g., electrons collide with atoms in a conductor). We can model this in the following way:
$$ m n \dot{\vec{v}} = n q \vec{E} - \mu \vec{v} $$
where $\mu$ is a drag coefficient due to collisions.
As we want a steady flow, derivative should be $0$ and
$$\mu \vec{v} = n q \vec{E} $$
$$ \vec{E} = \frac{\mu}{n q} \vec{v} = \frac{\mu}{n^2 q^2} \vec{J} = \rho \vec{J} $$
This is indeed our variant of the Ohm's law that we can express in usual form by multiplying equation by some area $S$ and length $L$ of the conductor (i.e, the distance between points where we measure the voltage drop) and dropping the vector notation:
$$ E L S = V S = L \rho I $$
$$ V = \frac{L}{S} \rho I = I R $$
Conclusion
As you see, charged fluid by itself is very different from the current in the conductor and you cannot mix them. Ohm's law is not universal for moving charges, but we found it's analogue for the evenly moving charged fluid under external electric field.
Bonus round
how can it possess a rotation if no physical change happens that the rotation is causing?
Electron's spin is different from the classical notion of magnetic moment. This is a quantum-mechanical quality of the particles and attempts to interpret electrons as rotating spheres with some charge density meet problems like superluminal surface speed. So you shouldn't understand is so literally.
On the other hand, we saw that even when movement does not cause physical change, there are observable effects like magnetic field.
The second case is that of a black hole. How can a black hole rotate if the composition of a black hole is unobservable?
The inside of a black hole might as well be a continuous muck with no internal structure to outside observers.
Essentially same as the previous one, but much more complicated due to even poorer intuition when it comes to black holes. We do perceive black holes as a continuous muck without structure, but theoretical work and experiments have found an effect that distinguishes rotating black holes from stationary: the so-called "frame dragging".