There's a lot of work to be done and decisions to be made, starting with whether states will legalize the practice.

The Supreme Court has struck down a federal law that bars gambling on football, basketball, baseball and other sports in most states, giving states the go-ahead to legalize betting on sports.

When the Loyola Ramblers reached the Final Four in the NCAA men’s basketball tournament, you can be sure a lot of giddy alumni and other local fans were willing to put their money where their hearts were. But any bets that the Ramblers would upset Michigan in the semifinal — or at least beat the point spread — were placed outside the law in Illinois and 48 other states. Wagering on individual games is prohibited everywhere but Nevada.

Since 2015, at least a dozen NBA teams, owners and players have invested heavily in the growing e-sports market, backing or buying competitive gaming teams around the globe. Dallas Mavericks owner Mark Cuban, a dot-com pioneer who built a fortune in the tech world, opted for a different route. Instead of buying an e-sports team of his own, Cuban made a bet on betting, investing in a company called Unikrn that sets lines and takes wagers from around the world on e-sports competitions.

The Japanese government is systematically moving forward, albeit slowly, with legislation that will authorize the development of integrated gaming resorts, a major change for a country that has long prohibited casino gambling. And researchers from UNLV’s International Gaming Institute are helping Japanese officials prepare to build the best gaming industry possible.