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Ohio gaming licensees risk losing their licenses if they continue supporting companies that offer unlicensed sports event contracts in the state. Regulators have ordered them to stop those services immediately and confirm compliance by October 30.
Good To Know
The Ohio Casino Control Commission issued the notice after an October 16 deadline passed for 10 prediction market operators and brokers to stop offering sports contracts. Those recipients included Polymarket, Coinbase, Robinhood and Novig.
Now, the commission is addressing the businesses that help those platforms operate. Its October 20 letter identifies liquidity, market making, integrity monitoring, equipment, data security and technology services.
Interim executive director Andromeda Morrison signed the notice, which names no individual licensees. Noncompliance could trigger renewed suitability investigations and license denial, nonrenewal, suspension or revocation.
The warning means a company does not need to accept bets itself to face regulatory action. Ohio can examine whether its commercial relationships remain compatible with holding a gaming license.
The commission wrote:
“Such conduct also undermines public confidence in Ohio’s regulated sports gaming and fantasy contest markets.”
However, the letter allows licensed futures commission merchants and introducing brokers to remain compliant if they prevent Ohio customers from directly or indirectly accessing sports event contracts.
The OCCC also cited consumer protection differences. Some prediction platforms accept customers aged 18 to 20, while Ohio requires sports bettors to be 21. Regulators raised concerns about responsible gambling protections and contracts outside the approved wagering catalog.
No. The notice requires an immediate stop. October 30 is the deadline to confirm compliance.
No. It warns of investigations and possible sanctions rather than announcing individual license penalties.