Ohio regulator imposes $5 million fine on Kalshi for unlicensed sports betting operations

The Ohio Casino Control Commission (OCCC) has issued a $5 million fine against Kalshi, saying the federally regulated prediction market operated unlicensed sports gaming in the state. The fine, announced on Tuesday, follows the OCCC’s determination that Kalshi’s sports event contracts are substantially similar to sports wagers offered by licensed sportsbooks in Ohio and therefore […]

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