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

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

Sports bets and event contracts may look alike, but rules and oversight differ. This explainer maps the gap, tracks crypto’s role in funding and settlement, and examines Connecticut’s cease-and-desist orders against nine companies.