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

https://www.thecoinrepublic.com/2026/09/24/sports-bettings-three-way-legal-battle-crypto-quietly-maneuvers-between-the-lines/

Sports bets and prediction markets can look alike, but they follow different rules. This explainer compares how each works and traces crypto’s role in funding, access, and settlement, including Connecticut’s cease-and-desist orders against nine companies.