Ohio Casino Control Commission says five firms comply with sports-contract orders
Enforcement & compliance1 min read
Ohio’s Casino Control Commission says five of the 10 companies it targeted over sports event contracts have complied with its cease-and-desist instructions. Robinhood, Gemini and Moomoo Financial have withdrawn their offers in Ohio, joining Coinbase and Plus500US; Polymarket and Underdog Predict are challenging the commission in court.
Half of the 10 companies targeted by enforcement have complied, according to the report. The Ohio Casino Control Commission considers sports event contracts illegal under local laws and has sent cease-and-desist letters to companies offering them in the state.
Robinhood, Gemini and MooMoo Financial have pulled out of the state and stopped offering the contracts, the report says. Coinbase complied with the regulator’s request earlier, while another company has also complied.
Polymarket and Underdog Predict are suing the commission, arguing that federal regulation takes precedence. Their cases remain unresolved. Novig, ProphetX and Webull Financial have not confirmed whether they intend to comply.
Kalshi suffered a setback in the state when the Sixth Circuit Court of Appeals ruled against it in late September, the report says.