Following the Supreme Court’s decision to overturn the Professional and Amateur Sports Protection Act in 2018, legal sports betting in America has been expanding. Thirty-eight states and Washington, D.C. have legalized the industry and 33 of those have legalized online sports betting in addition to retail settings. But as Americans move their betting to a safe and legal market and states rake millions in tax revenues, some policymakers are itching to slam the brakes with heavy-handed federal regulations. That’s a terrible bet.
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