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Earlier this month, the United States Court of Appeals for the Fifth Circuit in New Orleans heard oral arguments in a pivotal case—led by the National Horsemen's Benevolent and Protective Association (NHBPA)—seeking to overturn the Horseracing Integrity and Safety Act (HISA) on grounds that it is constitutionally flawed. In short, the Fifth Circuit's pending ruling could have profound implications for the short and long-term future of the federal law. Oral arguments in the Fifth Circuit follow a key decision earlier this year out of the United States Court of Appeals...