Ohio gaming regulator issues cease-and-desist notices to three companies
The OCCC has taken action against Kalshi, Robinhood and Crypto.com.
US.- The Ohio Casino Control Commission (OCCC) has issued cease-and-desist notices to Kalshi, Robinhood, and Crypto.com. It says event contracts offered by the companies on sporting events meet the definition of sports gaming under state law.
The notices demand that the three companies cease offering or facilitating sports event contracts in the state. Each company must notify the OCCC in writing of compliance no later than April 14.
Ohio Casino Control Commission executive director Matthew Schuler said: “Purchasing a contract based on which team a person thinks will win a sporting event is no different than placing a bet through a traditional sportsbook. The only difference is that these event contracts do not have the consumer protections required under Ohio law and are accessible to Ohioans under 21 years of age. The Commission must take action to fulfill its statutory responsibilities and ensure the integrity of sports gaming in Ohio.”
Ohio sports betting handle reaches $1.01bn in January
In January, Ohio’s sports betting handle reached $1.01bn, according to the Ohio Casino Control Commission. It was the third-highest figure since the state launched legal sports betting in January 2023. The handle was up 24.6 per cent from January 2024 and 5 per cent from December 2024. Some $992.2m was wagered online, while retail bets amounted to $19m.
