Sports betting and prediction markets can look alike, but they face different...

https://www.fastbookmarks.win/sports-bets-and-event-contracts-may-look-alike-but-the-rules-differ-this

Sports betting and prediction markets can look alike, but they face different rules. This explainer traces crypto’s behind-the-scenes role in funding, trading and payouts, and what Connecticut’s cease-and-desist orders against nine companies reveal.