Ohio Casino Control Commission

Uh, prediction markets meet Ohio law.

The Ohio Casino Control Commission sent cease and desist letters to ten prediction market operators and brokers, Polymarket, Coinbase, Robinhood Derivatives, Webull, and six more, ordering them to stop offering sports event contracts in Ohio.

This follows the Sixth Circuit's September twenty-fifth ruling against Kalshi, which held Ohio can enforce its gambling laws against these contracts.

The companies have until Friday, October sixteenth, to confirm in writing that they've stopped.

Lisa, how is Ohio engaging in one serious crackdown on prediction markets?

The Ohio Casino Control Commission issued cease and desist letters to 10 prediction market companies, including Polymarket, Kalshi, and Robinhood.

They say that they need to stop offering sports contracts to Ohio residents or face fines, lawsuits, and/or criminal charges, and they need to do this within 14 days after receiving this letter.

So the letter says, you know, they're illegally offering sports gambling under the guise of event contracts.