Sports bets and prediction-market contracts can look alike, but they face...

https://casinocrowd.com/what-are-event-contracts-and-are-they-just-sports-bets/

Sports bets and prediction-market contracts can look alike, but they face different rules and risks. This explainer traces crypto’s behind-the-scenes role in payments and settlement, and why Connecticut sent cease-and-desist orders to nine companies.