Sports betting and prediction markets may look alike, but their rules, payouts,...

https://judahsbrilliantthoughts.rivetgarden.com/posts/is-there-a-safe-way-to-use-crypto-with-betting-without-breaking-state-rules

Sports betting and prediction markets may look alike, but their rules, payouts, and oversight differ. This explainer traces crypto’s behind-the-scenes role in payments and settlement, and why Connecticut issued cease-and-desist orders to nine companies.