Sports betting and prediction markets can look alike, but they face different...

https://wiki-wire.win/index.php/Why_Do_States_Say_Prediction_Markets_Are_Unlicensed_Gambling%3F

Sports betting and prediction markets can look alike, but they face different rules. This explainer traces crypto’s behind-the-scenes role in funding, trading and payouts, and what Connecticut’s cease-and-desist orders against nine companies reveal.