Legally I haven't given affirmative permission so they're not allowed to track me. The same if I just ignored the cookie banners (which is what I did... until 2 hours ago when I saw this post).
Practically I assume most of the sites are breaking the law, because that's how I expect webdev's to think and because most of the cookie banners aren't nearly up to spec to satisfy the law so I assume they aren't being that careful.