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Outcome of Horseracing Authority's operational status by end of 2025?
2
Resolution / Starting Odds
Continue operations as is • 25%
Operations scaled back • 25%
Operations ceased • 25%
Reorganized under new oversight • 25%
Official announcements from the Horseracing Integrity and Safety Authority or related legal outcomes
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Supreme Court Pauses 5-1 Ruling on Horseracing Authority Oversight Amid Texas Litigation
Oct 28, 2024, 03:17 PM
The U.S. Supreme Court has issued a stay on a 5th Circuit ruling that deemed the Horseracing Integrity and Safety Authority's oversight of horse racing tracks an unlawful delegation of power by the Federal Trade Commission (FTC). The decision, made by an 8-1 vote, allows the authority to continue enforcing national horse racing safety rules amid ongoing litigation initiated by the state of Texas and other plaintiffs challenging its regulatory authority. Justice Ketanji Brown Jackson dissented, suggesting that the case did not warrant emergency intervention by the court at this time. The ruling is significant as it may influence future interpretations of Congress's power to delegate authority to private entities.
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