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Fantasy sports brands are about to cash in big on the Supreme Court’s landmark ruling that has declared a federal law against sports betting unconstitutional. New Jersey today won a challenge against the 1992 Professional and Amateur Sports Protection Act (PAPSA) which previously restricted sports wagering outside Nevada and three other states.
PAPSA prevented the remaining 46 states from allowing sports betting, meaning today’s decision could have a domino effect as it now falls on the states to decide whether to allow live sports betting.