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My guess is that no, it isn't a sporting event. Why would a parade, on public streets, celebrating a sports victory be any different than a parade, on public streets, celebrating a military victory? We're not allowed to carry onto military bases, but public parades aren't off-limits. I think the same logic would apply here. So, unless they are closing the entire area off and charging admission, it would be a very difficult thing to enforce, wrongly or not.