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

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

Sports bets and prediction-market contracts can look alike, but the rules, payouts and oversight differ. This explainer tracks crypto’s role in funding and settling trades, and what Connecticut’s cease-and-desist orders against nine companies reveal.