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

https://blogfreely.net/teresa-long85/h1-b-what-happens-if-courts-rule-that-federal-derivatives-law-preempts-state

Sports bets and prediction-market contracts can look similar, but the rules differ. This explainer shows how each works, where crypto fits behind the scenes, and why Connecticut sent cease-and-desist orders to nine companies - without the hype.