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

https://kilo-wiki.win/index.php/Is_Kalshi_Legal_in_Nevada_After_the_Ninth_Circuit_Decision%3F

Sports bets and prediction-market contracts can look similar, but the rules differ. This explainer shows how each works, where crypto fits behind the scenes, and why Connecticut sent cease-and-desist orders to nine companies - without the hype.