Ohio's casino regulator has warned licensed operators and suppliers that support for prediction markets could cost them their licences. The Ohio Casino Control Commission said it may deny, refuse to renew, suspend or revoke a licence.
In a letter dated October 20 the commission said it was 'deeply concerned' by reports that some licensees continue to serve companies offering sports event contracts in Ohio without a state licence. The services named include market making, liquidity provision, integrity monitoring, data protection and other technical support. Operators must stop them immediately and confirm compliance by October 30.
DraftKings, FanDuel and Fanatics all hold Ohio licences and sit inside the warning, as do suppliers and integrity monitors Genius Sports, Sportradar and IC360. The letter leans on a September ruling from the Sixth Circuit: sports event contracts are not 'swaps', and federal law does not override Ohio's gambling statutes. On October 2 the OCCC sent cease-and-desist letters to ten prediction market operators, ordering them to stop sports contracts by October 16. That deadline has passed, and the regulator says it will act against those who did not comply. Polymarket sued Ohio earlier this week, challenging the state's sports betting laws.
Any licensee in Ohio should now be checking who it does business with.
FanDuel has answered federal lawmakers' questions about its VIP programme and set out details of a separate VIP test on its prediction market platform. Its October 20 letter says around 30 Cameo videos featuring athletes and artists went to VIP clients over two years; the company denies the aim was to encourage continued play. Since September 15 FanDuel Predicts has been running a 90-day VIP programme with fewer than 60 clients and no personalised videos.
PrizePicks has launched Packs, digital packs of collectible cards, among them a Cooper Flagg rookie card valued at $8.04 million.
Las Vegas Sands reported third-quarter revenue of $3.22 billion against $3.33 billion a year earlier, with net income down from $491 million to $352 million and adjusted property EBITDA of $1.12 billion against $1.34 billion. Earnings per share came in at $0.54 against expectations of about $0.73. The shares fell roughly 4%. The company bought back $950 million of stock and announced a 20% increase in its quarterly dividend from 2027.
