TOLEDO, Ohio (WTVG) – The Ohio Casino Control Commission (OCCC) issued cease and desist notices to three companies that are offering event contracts on sporting events to Ohioans.
The three companies are Kalshi, Robinhood and Crypto.com. The OCCC determined the contracts offered by the companies met the definition of sports gaming which requires licensure to be legally offered.
“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.”…