Elgato does not provide operating system drivers for macs, so other programs that can use video devices are unable to use it. I'm assuming that it's not cost-effective for them to spend development time implementing drivers due to the fact that the only program that would probably end up using it is obs.
I got stung by Elgato abandoning OSX support for their H264 encoding dongle a couple of OS updates ago. It's just another example of the danger of closed APIs. If they had open-sourced their interface the user community could have jumped in and saved their bacon.
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