The bill amends the Revised Code to clarify that trading event contracts on sporting events through prediction markets is classified as sports gaming and will be regulated in Ohio. It introduces key definitions, such as "authorized sports gaming," which refers to activities approved by the Ohio casino control commission, and expands the definition of "sports gaming" to include prediction markets. The bill outlines the responsibilities of the Ohio casino control commission in overseeing these activities, including licensing, regulation, and the establishment of rules for wagering, record-keeping, and player protections.

Additionally, the bill sets forth comprehensive regulations for sports gaming proprietors, emphasizing age verification, responsible gaming measures, and advertising standards. It mandates that proprietors verify patrons' ages, implement a voluntary exclusion program for individuals wishing to opt-out, and maintain detailed records. The bill also criminalizes various offenses related to sports gaming, such as allowing underage participation and attempting to influence sporting outcomes, with penalties ranging from misdemeanors to felonies. Overall, the amendments aim to create a safe and regulated environment for sports gaming in Ohio while ensuring consumer protection and industry integrity.

Statutes affected:
As Introduced: 3770.23, 3770.25, 3775.01, 3775.02, 3775.10, 3775.99