ZED is NFT horse racing, people buy virtual horses for like usually $300+, different horses have different pedigrees and skill 'traits' I guess.
People then pay the entry for the horse to race in tournaments/races this complete random nature of the winner, and statistics means that there is also no chance for fixed races and any cheating unless the owners were doing something shady.
Finally, this means races can go every 30 seconds all over the world, and are freely streamed, you should check it out they are all streamed on twitch.tv I dont have an extensive knowledge but betting would def come in to this area soon it would make sense. As the prize pools can be limited and small people will be wanting to earn more money.
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