Sports bets and prediction-market contracts can look alike, but the rules,...

https://cesarsnicenews.capitaljays.com/posts/how-do-cease-and-desist-orders-work-for-online-gambling-and-prediction-markets

Sports bets and prediction-market contracts can look alike, but the rules, payouts and oversight differ. This explainer tracks crypto’s role in funding and settling trades, and what Connecticut’s cease-and-desist orders against nine companies reveal.