Sports bets and prediction markets may look alike, but rules and payouts...

https://wiki-zine.win/index.php/CFTC_vs._State_Gambling_Regulators:_Who_Actually_Controls_Sports_Event_Contracts%3F

Sports bets and prediction markets may look alike, but rules and payouts differ. See how crypto can fund accounts and settle trades, and why Connecticut's cease-and-desist orders against nine companies matter to users.