The Institute for Justice has posted a report about a recent decision by the U.S. Court of Appeals for the Second Circuit:

Disgruntled fantasy baseball players sue Major League Baseball, the Red Sox, and the Astros, alleging that they would have done better in their fantasy leagues—and won more money—if the Sox and the Astros hadn’t broken the rules on electronic sign-stealing and if MLB hadn’t covered it up. Second Circuit: MLB never claimed that its league was free of cheating—a regrettable reality in sports—which means there was no fraudulent misrepresentation.