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Posts tagged "regulatory framework"

Sports Betting: Coming to a City Near You

Last May, the United States Supreme Court ruled that the federal Professional and Amateur Sports Protection Act of 1992 ("PASPA") was unconstitutional.[1] PASPA was enacted to prohibit state-sanctioned sports betting and effectively outlawed sports betting outside of Nevada (which was given an exemption). As a result, sports fans often turned to black market bookmakers to place wagers on their favorite sports teams.