Sports bets and prediction-market contracts can look alike, but the rules,...

https://www.pure-bookmark.win/sports-betting-and-prediction-markets-can-look-alike-but-rules-payouts-and

Sports bets and prediction-market contracts can look alike, but the rules, payouts and oversight differ. This explainer tracks crypto’s role in funding and settling trades, and what Connecticut’s cease-and-desist orders against nine companies reveal.