NCAA rescinds rule allowing college athletes to bet on pro sports

The NCAA has rescinded a rule that would have allowed college athletes to bet on professional sports. The rule, which had previously passed NCAA committees across all three college divisions, was set to take effect on November 1. However, following a recent NBA gambling scandal, the NCAA decided to reevaluate the rule. Over two-thirds of the 361 NCAA member schools voted to overturn the rule, with St. John’s casting the decisive vote just 30 minutes before the deadline. The decision reflects concerns about the potential misuse of inside information and the difficulty athletes might face in refraining from betting on their own sports if they reach professional levels. The change also addresses the impact of the NIL era, where college athletes now have significant disposable income, potentially attracting betting companies eager for their business.