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FanDuel applauds Supreme Court decision on sports betting

A decision from the Supreme Court on sport gambling could be a boost for online betting sites.

Supreme Court

The Supreme Court ruled a federal ban on sports gambling is unconstitutional.

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Gambling sites got some good news Monday: A federal ban on sports gambling is unconstitutional, according to the Supreme Court.

The 7-2 ruling puts states in charge of deciding whether to legalize sports betting. That, in turn, could open up opportunities for online betting sites

"This decision allows us to bring the passion and engagement we have seen among our users to new and expanded marketplaces and create a sports betting product that fans will love," FanDuel, a site for fantasy sports, said in a statement.  

The Supreme Court decision strikes down a federal law called the Professional and Amateur Sports Protection Act, which dates back to 1992.