Ohio Casino Control Commission warns sportsbooks about offering prediction markets

The Ohio Casino Control Commission has issued a letter warning sportsbooks about offering prediction markets.

With Ohio boasting one of the biggest legal sports betting markets in the US, sportsbook operators have now been warned by the Ohio Casino Control Commission about working with or incorporating prediction markets into their services. Dated to August 25 and seen by The Closing Line, the letter highlighted that any prediction market requires a proper license and vetting to operate within the state.

“Any business relationship between an Ohio sports gaming licensee (including its related entities or those under common ownership) with any entit(ies) offering or facilitating the offering of unlicensed sports gaming in Ohio calls into question the reputation of the licensee and the integrity of sports gaming in Ohio.” – Ohio Casino Control Commission