Ohio fires 10 cease-&-desist letters at prediction markets
The letters follow Ohio’s win at the Sixth Circuit.
The hit
Ohio has widened its crackdown on prediction markets, sending 10 cease-&-desist letters last week to firms it says are illegally offering, facilitating or participating in sports event contracts. The Ohio Casino Control Commission wants each recipient to stop the activity & confirm compliance in writing by 16 October, according to SBC Americas.
Why it matters
The letters land after Ohio’s win at the Sixth Circuit. The OCCC’s letters demand recipients stop offering sports event contracts in the state & confirm compliance in writing by the deadline, according to SBC Americas.
The record
| Cease-&-desist letters sent | 10 (Ohio Casino Control Commission) |
|---|---|
| Compliance deadline | 16 October (Ohio Casino Control Commission) |
What happens next
Watch for written compliance confirmations & whether any recipient challenges the commission’s letters in court.
Sources: Ohio expands prediction markets crackdown after Sixth Circuit win
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