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Despite Ohio Governor Mike DeWine demanding that player prop bets be banned for both college and pro sports following a betting scandal involving at least two Cleveland Guardians players, lawmakers remain reluctant to make any changes at the moment.
All ‘Prop Bets’ Could Be Banned in Ohio Soon
Effective March 1, 2024, you can no longer place prop bets on individual college athletes from the state of Ohio. This includes prop bets on Ohio State Buckeyes players. Local bookmakers and internationally licensed sports books will still be offering college player props for the 2025 season.
Governor DeWine wants this applied to pro sports like the NFL, NBA and MLB as well.
His stance comes in the wake of a gambling probe involving two Guardians players, both of whom had their lockers cleared out last week.
Guardians closer Emmanuel Clase has been placed on non-disciplinary paid leave as part of a Major League Baseball investigation into sports betting.
A probe into Luis Ortiz was also underway. The Ortiz investigation is related to in-game prop bets on two pitches thrown by the right-hander that received higher activity than usual during his starts at Seattle on June 15 and against St. Louis on June 27. The gambling activity on the pitches was flagged by a betting-integrity firm and forwarded to MLB.
Some Ohio lawmakers appear resistant to DeWine's calls to prohibit prop bets, though none have formally stepped up to fully oppose these efforts. DeWine is specifically targeting micro prop bets, or live bets on a specific play in a game, which Legal Sports Report noted accounts for around 70% of handle in more mature markets like the United Kingdom.
Prop bet examples currently offered across the board for the Guardians included Jose Ramirez hitting at least one home run versus the New York Mets on August 5 paying out $450 for every $100 bet and the number of hits allowed by Cleveland starter Logan Allen paying as much as $3000 for every $100 bet for 11 plus hits permitted.
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Rep. Dina Titus Urges Probe Into CFTC Chair Nominee Brian Quintenz Over Prediction Market Ties
Rep. Dina Titus is pressing the U.S. Commodity Futures Trading Commission to investigate potential incoming chair Brian Quintenz as he awaits a nomination vote.
The Nevada Democrat sent a letter to CFTC Acting Chair Caroline Pham on Monday asking the agency to answer questions on whether Quintenz violated CFTC policies, applicable federal statutes, or ethics pledges — specific to prediction markets and event contracts.
Titus tweeted:
As co-chair of the Congressional Gaming Caucus, I am urging the @CFTC to investigate @BrianQuintenz, as the Senate considers his nomination for Chair of the CFTC.
Quintenz is currently on the board of Kalshi and holds stock options in the company, which is regulated by the CFTC.
It is imperative that the public fully understand the extent of his involvement regulating a sector in which he has a substantial financial interest.
The vote has been canceled twice over the past month.
Illinois Tightens Rules on Gambling Ads, Banning Them From College Campuses
The Illinois Gaming Board (IGB) announced Monday that it would be adopting new rules to expand existing restrictions.
The restrictions mentioned are specifically those that target the advertising, marketing, and promotions for licensed casino, video gaming, and sports wagering operators. This includes a ban on advertising on college campuses and new requirements to protect the public, specifically young people and those with gambling problems.
“By adopting these measures, the IGB is building upon existing regulations to implement additional safeguards and standards that further protect the public and encourage responsible gambling habits,” said IGB Administrator Marcus D. Fruchter. “These regulations provide for clear, consistent, ethical, and transparent advertising and marketing guidelines for all casino, video gaming, and sports wagering operations under IGB jurisdiction.”
Source: CDC Gaming
- Chris Costigan, Gambling911.com Publisher
