When Ohio regulators said no more college player prop wagering, they really meant no more college player prop wagering, as DraftKings is now well aware.
The Ohio Casino Control Commission met Wednesday and approved a settlement agreement with DraftKings that included a $425,000 fine for the Boston-based bookmaker. That six-figure penalty was due to two compliance violations by DraftKings, the first of which was taking bets on college player props after Ohio banned those markets as of March 1.
The second violation was permitting an unapproved funding source for sports wagering accounts…
DraftKings cooperated with the commission and signed the settlement agreement, which was then approved by commissioners on Wednesday without any debate.
