Residents of North Carolina can now participate in those “sports book” operations you so often see advertised on TV. I’m not tempted, but many others no doubt will place bets, and the state plans to cash in big with its taxes.

The betting can be on just about any sport, professional or college, and in today’s Martin Center article, Dan Way looks at the questions this raises for college sports.

Such as? Way explains:

Brad Hostetter, Atlantic Coast Conference deputy commissioner for policy and institutional services, said there is a shared responsibility for oversight and enforcement among the campuses, the NCAA, and the conference offices to ensure that players, coaches, and staff are not violating regulations. Recent scandals include suspicious bets and insider trading involving the University of Alabama baseball team, as well as illegal bets placed by University of Iowa and Iowa State University student-athletes. Earlier this year, an NBA player was banned for life for betting-related transgressions.

One possibility is that team members of insiders might use their knowledge about injuries to key players to bet based on knowledge not available to others.