(CNN) — College athletes will still be prohibited from betting on any sport in which the NCAA sponsors a championship after an eleventh-hour push to rescind a proposed rule change reached the necessary two-thirds threshold.

Facing a 5 p.m. ET Friday deadline and needing 241 schools to submit paperwork preventing college athletes from betting on professional sports, the NCAA reached the necessary two-thirds majority, according to a statement.

“After a procedural 30-day period, two-thirds of Division I member schools have voted to rescind a previously approved rule change that would have allowed student-athletes and athletics department staff members to legally participate in sports betting on professional sports only,” the NCAA said . “Because sports betting rules are common legislatio

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