Overview

• Ohio has joined New Jersey and Nevada in issuing a cease-and-desist order to Kalshi, Robinhood, and Crypto.com for offering sports event futures contracts.
• The Ohio Casino Control Commission (OCCC) argues these contracts are equivalent to unlicensed sports betting under state law and lack consumer protections, including age restrictions.
• Platforms have until April 14 to comply with Ohio's directive or face potential legal consequences.
• Kalshi has already filed lawsuits in New Jersey and Nevada to challenge similar orders and is expected to take similar legal action in Ohio.
• The federal Commodity Futures Trading Commission (CFTC) has not clarified its stance on sports-related prediction markets, leaving a regulatory gap that states are stepping in to address.