Ohio's gambling regulator fines Kalshi $5M for operating unlicensed sports gaming, after a federal judge ruled that Kalshi's sports bets constitute gambling
The Ohio Casino Control Commission has fined online prediction market Kalshi millions of dollars for illegal operation in the state.
The Columbus Dispatch Max Filby
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Discussion
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@wallachlegal
Daniel Wallach
on x
Kalshi calls Ohio's proposed $5M fine an “extraordinary & regrettable step” in new CA6 filing, says “rush to impose an unprecedented fine” with motion pending causes irreparable harm and forces Kalshi into “Hobson's choice;” urges granting of motion for injunction pending appeal.…
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@daveyostoh
Dave Yost
on x
Ohio put Kalshi on notice today that its “prediction markets” are unlawful gaming and proposed a $5 million fine. A federal court already agreed with our reading of the law. I wouldn't bet on how long Kalshi will be operating in Ohio. [image]
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Derek Longmeier
Derek Longmeier
on linkedin
The Ohio Casino Control Commission has fined online prediction market Kalshi millions of dollars for illegal operation in the state. …
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@hypervisible.blacksky.app
@hypervisible.blacksky.app
on bluesky
“We are launching a portal for parents to basically submit their identification, even if they don't want to be users of Kalshi, to see if someone is using it. Because then they can see if their children are using their ID and police it...”