Ohio Expands Crackdown on Prediction Markets After Court Victory
By The Weekly Edge desk ·
Summary
The Ohio Casino Control Commission sent cease-and-desist letters to 10 prediction market operators and brokers, requiring written confirmation by 16 October that they have stopped offering or facilitating sports event contracts in the state. The action follows a 25 September federal appeals court ruling that Ohio can enforce its gambling laws against the contracts; Kalshi was not sent a new letter and already faces a proposed $5 million fine.
Why it matters
The letters require recipients to stop offering or facilitating sports event contracts in Ohio.