Five Prediction Market Companies Halt Sports Contracts in Ohio

After four more companies agreed to stop offering sports event contracts in Ohio, five have now complied with an Ohio Casino Control Commission cease-and-desist order. 

Those companies include MooMoo Financial, Robinhood, and Gemini, per Legal Sports Report. The cease-and-desist notices were sent on October 2 to 10 companies. Coinbase stopped on November 13, and Plus500US stopped on October 21. 

The top prediction market platforms, Polymarket and Kalshi, are suing the OCCC.  However, in September 2026, the Sixth Circuit Court of Appeals ruled against Kalshi, which set up the OCCC to send these notices out to these platforms. 

Ohio Orders 10 Prediction Market Companies to Halt Sports Contracts

The cease-and-desist notice was sent to these 10 outlets: 

• Coinbase
• Gemini Titan
• Moomoo Financial
• Novig
• Plus500US
• Polymarket
• ProphetX
• Robinhood Derivatives
• Underdog Predict
• Webull Financial

So, as mentioned, five of those companies have complied. Companies like Novig, ProphetX, and Webull are talking with the commission. Right now, though, it's unclear what the OCCC will do to those that don't comply. We've seen states like Utah file criminal charges, though. We do know that the letters warn about administrative, nuisance, criminal, or civil action. 

Ohio Warns Sports Betting Licensees Over Prediction Market Ties

Also, the OCCC sent a letter on October 20 to sports betting and fantasy licensees, along with management services, suppliers, and more. This ordered them to “immediately cease” anything associated with things that “continue to facilitate, support, or otherwise provide services” to prediction markets. 

Legal Sports Report also said that the OCCC said that “there have been several licensees that have confirmed compliance; however, there are some that have yet to confirm compliance with the Commission’s October 30 deadline.”

The Commission said it plans to follow up with the licensees but didn't provide additional comment, citing “given both the recency and investigative nature of the Commission’s request.”

In addition to Utah's criminal charges, Louisiana also recently issued restraining orders against about 30 entities. 

We'll see what happens with the brands that have to yet in Ohio.