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Ohio Casino Control Commission orders prediction market businesses to halt sports contracts
By SectorWire 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. 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.