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Ohio has one of the most extensive gambling markets in the US, despite not offering licensed online casino gambling. But sportsbook operators have been warned by the state's regulator, the Ohio Casino Control Commission (OCCC), to stay away from offering prediction markets.

These markets differ from traditional betting markets and function in a similar way to financial exchanges, where customers trade contracts based on a yes/no or win/lose dynamic. Contracts trade from $0 to $1, with trading based on market values.

Contracts trading at $0.75 would expire at $1 if the prediction is correct, resulting in a $0.25 profit. If the selection is incorrect, there is no return for the customer.

Ohio's sports betting market already generates almost $9 billi

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