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Economy & Business

All Bets Are On

150 Billion

This week, the Supreme Court paved the way for states to legalize sports gambling, which has been illegal almost everywhere but Nevada since 1992. States expect to make billions in new revenues.

Opponents of the decision worry that gambling will bring back the scandals of an earlier era, when athletes betting on the outcomes of their own games would deliberately try to lose. Are they right?

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