Last updated: November 27, 2024
DraftKings has been fined $425,000 by the Ohio Casino Control Commission for violating state gambling laws. The violations include accepting prohibited college player prop bets and allowing unauthorized cash deposits into player accounts. The commission emphasized its commitment to maintaining gaming integrity and protecting Ohio citizens. DraftKings has pledged to work closely with regulators to ensure compliance. The controversy surrounding college player prop bets highlights concerns over protecting student-athletes from exploitation and online harassment, with efforts underway to tighten regulations at the request of state and NCAA officials.
DraftKings has been ordered to pay $425,000 by the Ohio Casino Control Commission for violating state gambling laws. The sportsbook licensed in the state took improper prop bets on games involving college players illegally, and accepted cash deposits into player accounts sourced from unapproved payment methods, thereby aggravating the violations.
In March, DraftKings offered prohibited college player prop bets. The OCCC penalized the company for this reason. The agency further alleged that DraftKings accepted 40,985 cash deposits at non-gaming retail venues, which was not sanctioned by regulators.
Chairman of OCCC Thomas J. Stickrath emphasized the significance of gaming integrity. He made sure the regulator reminded everyone to maintain compliance with all laws pertaining to gambling. Protecting Ohio citizens is still a top priority, as he said the readiness to take administrative action if needed.
DraftKings responded to the penalty imposed. The company reiterated its commitment to regulatory compliance and adherence in all jurisdictions while expressing its desire for close cooperation with regulators to avoid such infractions again.
College athlete-involving player prop bets have faced massive criticism. The Executive Director of OCCC, Matthew Schuler, endorses stronger measures to make sure college sports remain free from integrity issues. He acted on the basis of a letter written by Ohio Governor Mike DeWine and NCAA President Charlie Baker.
The issue transcends pure regulatory concerns. Players that are failing to meet their betting expectations are exposed to cyberbullying. Angry gamers typically find a target to harass in the form of threatening or abuse, thus increasing pressure on strict regulations of college player props.
