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

https://riverfbdw130.tearosediner.net/offshore-vs-regulated-sportsbooks-what-is-the-real-difference-for-players

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