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

https://atomic-wiki.win/index.php/Does_a_Foreign_Gambling_License_Count_in_the_United_States%3F

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.