Sports bets and event contracts may look alike, but rules and payouts differ....

https://cesarsnicenews.capitaljays.com/posts/how-do-cease-and-desist-orders-work-for-online-gambling-and-prediction-markets

Sports bets and event contracts may look alike, but rules and payouts differ. This explainer shows crypto’s offstage role in moving funds, logging trades and aiding payouts