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Three cease-and-desist letters sent out in Ohio1 April 2025(PRESS RELEASE) -- The Ohio Casino Control Commission issued cease and desist notices to Kalshi, Robinhood, and Crypto.com, three companies offering event contracts on sporting events to Ohioans. The Commission determined the event contracts offered by the companies on sporting events meet the definition of sports gaming under the law, which requires licensure to be legally offered in Ohio. The Commodity Futures Trading Commission has regulated event futures contracts for some time. However, these companies began only recently offering futures contracts on sporting events. “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,” said Ohio Casino Control Commission Executive Director Matthew Schuler. “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.” The cease-and-desist notices demand that the three companies cease offering, participating in offering, or facilitating those who offer sports event contracts in the State. Each company must notify the OCCC in writing of compliance with the notice no later than Monday, 14 April 2025.
Three cease-and-desist letters sent out in Ohio
is republished from iGamingNews.com.
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