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

https://xeon-wiki.win/index.php/What_Is_the_Difference_Between_Exchange_Infrastructure_and_Taking_a_Wager%3F

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.