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

https://astro-wiki.win/index.php/Why_Do_Prediction_Markets_Want_Federal_Derivatives_Law_Instead_of_State_Gambling_Law%3F

Sports bets and prediction-market contracts may look alike, but they face different rules. This explainer shows where crypto fits behind the scenes, from funding to settlement, and why Connecticut sent cease-and-desist orders to nine companies.