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Ohio Casino Control Commission orders prediction market businesses to halt sports contracts
By The Weekly Edge desk · · Updated
Summary
The Ohio Casino Control Commission issued demands on 2 October for prediction market operators and brokers to withdraw sports contracts from Ohio, reported by PlayUSA. The outlet reported that recipients must provide written confirmation of compliance by 16 October, following a federal appeals ruling allowing Ohio to apply its gambling laws to these contracts.
Why it matters
Recipients face possible administrative, civil or criminal proceedings if they disregard the commission’s demands, PlayUSA reported.