The SCOTUS sports betting decision that could repeal the federal ban on the activity hasn’t been released yet. The Supreme Court heard arguments on repealing the Professional and Amateur Sports Protection Act (PASPA) four months ago. PASPA currently prohibits sports betting in all but four American states.

The hearing took place on the 4th of December 2017, and the general feeling was that the justices were siding with New Jersey in repealing the act. New Jersey was arguing that PASPA violated the constitution and prevented states from deciding for themselves if they wanted to offer sports betting. As it takes the Supreme Court justices longer and longer to reach a decision, it is causing many to worry that maybe a favourable decision is not on the cards.

Those wagering on the outcome of the case have also started to lose faith. Websites that allow betting on the outcome, through buying shares, have seen the share value of yes drop. The value of ‘Yes’ shares for ‘Will the Supreme Court overturn PASPA’ has fallen from 90 cents to 64 cents.

More on the SCOTUS sports betting can be found at Casino US.