iGT coverage
11 articles on United States - Ohio, newest first. For the regulator, licensing, tax and legal status, see the United States - Ohio profile.
Sportradar credited "significant contributions" from prediction markets in a quarter that also carried a full three months of IMG Arena and a World Cup. It put a little over €60 million a year on its exposure to Brazil, and declined to size the newer business.
The NCAA will report people who abuse college athletes online to a shared programme that sportsbooks and prediction exchanges can use to close their accounts. It is the first sport governing body to say so publicly, and it moves the fight over bettor harassment from campaigns to account enforcement.
Coinbase has told investors that prediction markets are one of the fastest growing products in its history, with annualised revenue above $200 million in the third quarter. It says it is building its own clearing for the product, and its results say nothing about the states pressing it over sports contracts.
Rush Street Interactive grew third-quarter revenue 39%, but North American revenue rose only 14% and October trends point to the low end of its guidance. Management is pinning its hopes on new online casino states.
Polymarket US has become the fourth prediction market to stand down on sports in Michigan, under a stipulation approved in the federal court that refused it an injunction in June. It is conceding a state where its appeal sits before the circuit that has already ruled against Kalshi, while it carries its fight to Ohio and Louisiana.
Seven weeks after it began routing football contracts to Crypto.com's exchange, Robinhood has told investors that the exchange will become its main second venue behind Rothera and that it will move off "most of our competitors". It owns a stake in both venues, and the Crypto.com exchange is the one suing Missouri and Utah.
Kalshi has asked a federal court in Louisiana to bar the state from enforcing its gambling laws against its sports contracts, although Louisiana has brought no case against it. The suit targets the enforcement powers that took effect on 1 August, and it opens the prediction market fight in the Fifth Circuit.
Days after tightening its sportsbook menu, the NBA has signed up Kalshi and Polymarket as preferred exchanges and DraftKings as an authorised operator. The memorandum it signed with the federal regulator alongside them is a statement of intent, and says so.
The Ohio Casino Control Commission has told every sportsbook, supplier, integrity monitor and testing laboratory it licenses to stop providing services "of any kind" to platforms offering sports event contracts in Ohio, or face reopened suitability investigations. With its cease-and-desist letters to the exchanges now challenged in court, Ohio is turning to the companies that keep them running.
The Senate Commerce Committee chairman intends to file legislation after the 3 November midterms that would bar gambling-linked event contracts, sports included, unless a state or tribe authorises them, Bloomberg Law reports. No text, bill number or co-sponsor is public yet, and the window before this Congress ends is short.
Polymarket's US exchange went to federal court in Columbus on the day Ohio's cease-and-desist deadline expired, leading with a constitutional claim the Sixth Circuit has not decided. Governor Mike DeWine says the state will now file suits of its own.