Warnings issued by the Ohio Casino Control Commission to sportsbook entities concerning prohibited activities related to prediction markets
The Ohio Casino Control Commission (OCCC) has issued a warning to sportsbooks about offering prediction markets, emphasising the need for a proper license for such activities. The warning, dated August 25, was issued by Rachael Davies and made public by The Closing Line.
The OCCC's warning does not specify any particular sportsbook or prediction market but highlights the potential risks associated with unlicensed sports gaming in Ohio. The commission has expressed concern about prediction markets, stating that any unlicensed sports gaming in the state questions the reputation and integrity of sports gaming in Ohio.
The OCCC has not yet clarified the penalties for non-compliance, but the warning serves as a caution for sportsbook operators in Ohio. The commission has also announced that it will conduct or has already conducted the certification process for providers of prediction betting in Ohio.
The warning applies to any business relationship between an Ohio sports gaming licensee and entities offering or facilitating unlicensed sports gaming in Ohio. As the Ohio sports betting market is one of the biggest in the US, this warning is significant for the industry.
The OCCC's warning was reported by ReadWrite, underscoring the importance of adhering to regulatory guidelines in the state. Sportsbooks in Ohio have been advised to ensure they are complying with all relevant laws and regulations to maintain a strong reputation and integrity in the market.
