Jake Paul, the co-founder of online sports book Betr, may face licensing problems in Ohio following a settlement with the U.S. Securities and Exchange Commission (SEC) for violating securities laws. Paul was granted a provisional license as a “key sports gaming employee” in Ohio, but the settlement with the SEC will be among the factors considered when the Ohio Casino Control Commission decides whether to finalize Paul’s three-year license in the next few months. Ohio administrative rules require sports books to have licenses for all employees who are considered “persons in control,” and the commission has the authority to take action against noncompliance with Ohio sports gaming laws. It is unclear what impact this may have on the company.
North Carolina Sports BettingThe North Carolina House Finance and Judiciary committees have approved a bipartisan bill, HB347, that would legalize sports betting in the state. The bill would authorize both […]