The U.S. Supreme Court ruled May 14 to undo a 26-year-old precedent banning sports betting, allowing states to legalize and tax the activity.
States must now ensure they follow legal regulations, especially online.
The high court ruled in favor of the petitioner in Murphy v. NCAA , repealing the Professional and Amateur Sports Protection Act of 1992 (PASPA), a federal law that formally prohibited states from “authorizing” gambling related to professional and amateur sports leagues.
With this new window of opportunity open, some states will want to take steps to ensure they get a piece of this untapped profit. Anna ...
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