Ohio Regulators Seek $5M Fine Against Kalshi for Unlicensed Sports Gaming

Kalshi's not having a good time in Ohio

Kalshi has been fined $5 million in Ohio.Illustration by Davide Bonaldo/SOPA Images/LightRocket via Getty ImagesKalshi is facing a fine in Ohio for unlicensed sports betting activities.The prediction market operator has been in an Ohio court battle to allow it to operate in the state.Kalshi suffered a loss in March, when an Ohio judge ruled its offerings should be regulated.It's more money, more problems for the online prediction market Kalshi.T…

Ohio regulators seek to fine Kalshi $5M for unlicensed sports gambling

COLUMBUS — Online prediction market platform Kalshi is facing a $5 million fine for operating an unlicensed sports gambling business in Ohio. The Ohio ...

Ohio regulators seek $5M fine against Kalshi for unlicensed sports gaming

Ohio regulators propose a $5 million fine against Kalshi, which says it is reviewing the action and cites federal oversight and ongoing litigation.

Ohio seeks to fine Kalshi $5 million over sports contracts

The Ohio Casino Control Commission is looking to fine Kalshi $5 million for what it calls unlicensed sports gaming in the state.

High Fees Mean Kalshi $5M Fine In Ohio Means Little

Kalshi received a $5 million fine from the Ohio Casino Control Commission. COLUMBUS, Ohio – The Ohio Casino Control Commission levied a $5 million fine on Kalshi for offering unlicensed sports betting in the state. However, with the recent production of Kalshi, this punishment will not be enough to scare them off. During March Madness betting, Kalshi generated $25 million in four days with over $2 billion traded on the site. Now with NBA betting…

Ohio Regulators Move to Fine Kalshi $5 Million, Could Fuel Appeal

Key Takeaways ▸ Regulators moved from warnings to a proposed $5M fine, formally labeling Kalshi’s event contracts as unlicensed sports gaming. ▸ With enforcement now material, Kalshi has stronger footing for its appeal and request for injunctive relief. The Ohio Casino Control Commission (OCCC) is escalating enforcement action against Kalshi, announcing intentions to impose a $5 million fine for what it characterizes as “conducting unlicensed s…