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

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 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.