Ohio Casino Control Commission Targets Sports Event Contracts with Cease-and-Desist Actions as Compliance Reaches Five Firms

The Ohio Casino Control Commission (OCCC) has sent cease-and-desist letters to companies offering sports event contracts in the state. The regulator maintains these products are illegal under local laws. A total of 10 companies have been named in the action.

These include Coinbase, Gemini, Moomoo Financial, Novig, Plus500US, Polymarket, ProphetX, Robinhood, Underdog Predict, and Webull Financial. According to GamblingNews, half of these have now complied with the enforcement.

Compliance Reaches Five Companies

Four companies have recently complied with the OCCC’s preliminary enforcement action. Robinhood, Gemini, and Moomoo Financial have pulled out of the state and cut all such offers.

Coinbase complied with the regulator’s request earlier. This brings the total number of compliant companies to five, including Plus500US.

Novig, ProphetX, and Webull Financial have not yet confirmed their intentions.

Challenges from Polymarket and Underdog

Polymarket and Underdog are not complying. The two firms argue that the OCCC is overstepping its reach by trying to subject sports event contracts to state gambling laws.

Kalshi has already suffered a setback in the state. The Sixth Circuit Court of Appeals ruled against the company in late September. The outcomes of the cases involving Underdog and Polymarket are still to be resolved. The OCCC is likely to gain the upper hand in those matters as well.

This enforcement activity is actively reshaping the availability of sports event contracts in Ohio.