The landmark decision, first adopted by the Division I Administrative Committee earlier this month, was officially approved Wednesday. The rule change comes amid a wide-ranging FBI betting investigation.

The Division I Administrative Committee approved the proposal Wednesday. The rule will go into effect Nov. 1 if also approved by Divisions II and III.

The bad behavior seen in sports gambling is truly disturbing and has no place in society. So if you’re going to place a bet, remember this: Athletes aren’t losing your money, you are.