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Gaming ETF rallies after Supreme Court ruling on sports gambling

An exchange-traded fund that tracks gaming and casino shares rallied on Monday, turning sharply higher after the U.S. Supreme Court dominated in want of New Jersey in a case that would open sports activities having a bet around the country. The VanEck Vectors Gaming ETF BJK, +1.91% gained 1.6% and hit its perfect degree since February. In a 6-to-3 vote, the Supreme Court in Murphy vs. National Collegiate Athletic Association dominated the Professional and Amateur Sports Protection Act does not make sports activities gambling a federal crime. New Jersey has sought to legalize sports activities gambling schemes in Atlantic City and at horseracing tracks. Among explicit shares, MGM Resorts International MGM, +zero.72% rose 1.9% and Caesars Entertainment Corp. CZR, +5.25% was once up 5.7%. The Dow Jones Industrial Average DJIA, +zero.58% rose zero.6% on Monday, whilst the S&P 500 SPX, +zero.38% rose zero.5% and the Nasdaq Composite Index COMP, +zero.55% was once up zero.7%.