Sports bets and prediction markets can look alike, but their rules, payouts and...

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

Sports bets and prediction markets can look alike, but their rules, payouts and oversight differ. This explainer breaks down crypto’s role in funding and settling trades, including Connecticut’s cease-and-desist orders against nine companies.