Sports bets and prediction markets can look alike, but they follow different...

https://garrettjagb275.yousher.com/prizepicks-launched-kalshi-event-contracts-in-november-2025-what-changed

Sports bets and prediction markets can look alike, but they follow different rules. This explainer traces crypto’s role in trading and payouts, and what Connecticut’s cease-and-desist orders against nine companies reveal for users.