Sports bets and prediction markets can look alike, but they follow different...

https://stephensexpertword.publishlane.com/posts/crypto-companies-in-betting-are-they-just-payment-providers-or-something-else

Sports bets and prediction markets can look alike, but they follow different rules. This explainer traces crypto’s role in trading and payouts, and what Connecticut’s cease-and-desist orders against nine companies reveal for users.