Sports bets and prediction-market contracts can look alike, but face different...

https://varimail.com/articles/robinhood-says-13-6-billion-event-contracts-traded-what-does-that-number-mean/

Sports bets and prediction-market contracts can look alike, but face different rules and risks. This explainer tracks crypto’s behind-the-scenes role in funding and settlement, and why Connecticut sent cease-and-desist orders to nine companies.