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Maryland Joins Sports Event Contract Betting Clampdown And after that there were 6. On Monday, Maryland ended up being the sixth state in the U.S. (that we understand thus far) to send out cease-and-desist letters to federally controlled "prediction markets" using de facto sports betting through occasion contracts. - Officials in Maryland, Ohio, Illinois, New Jersey, Nevada, and Montana have actually sent out cease-and-desist letters in connection with federally controlled sports event contracts. - Those contracts are a growing form of competitors for state-regulated sportsbooks. The letters were sent by the Maryland Lottery and Gaming Control Commission to Kalshi, Robinhood, and Crypto.com, all of which have gotten similar correspondence from other state regulators. "Kalshi is operating in Maryland and is using and performing what is, in truth, betting on sporting occasions," Maryland Lottery and Gaming Control company director John Martin wrote in one of the letters. "However, Kalshi does not hold a sports wagering license issued by the Commission, its wagers have not been authorized by the Commission, and it is not otherwise authorized under Maryland law to provide wagers on sporting occasions." For these reasons, Martin included, Kalshi and the others are being directed by the commission to "immediately stop and desist these legal offerings" in the state. The forecast markets have 15 days to inform the regulator that they are complying. The letters from the Maryland sports wagering regulator follow similar ones sent by authorities in Nevada, New Jersey, Ohio, Illinois, and, according to Kalshi CEO Tarek Mansour, Montana. Join the club Those efforts represent rising awareness of and opposition to federally controlled forecast markets like Kalshi. That opposition has increase because occasion agreement trading broadened to include sports results, like the Super Bowl and March Madness.