In a unanimous opinion, the Kentucky Supreme Court made a decision on so called Instant Racing. They ruled that the Kentucky Horse Racing Commission has the legal authority to regulate wagers on previously run horse races presented on electronic gambling machines — but that the legality of the wagers themselves has yet to be established. The court said the case must go back to Franklin Circuit Court, where it originated, to determine whether “the licensed operation of wagering on historical horse racing as contemplated by (the racetracks and the state) constitutes a parimutuel form of wagering.” The court also reversed…