A newly formed coalition is entering the intensifying fight over sports betting and prediction markets, saying some platforms are dodging the consumer protections that govern legal gambling. The organization, Gambling is Not Investing, officially rolled out Monday (March 2) in Washington, D.C. Its stated goal is to press for consistent safeguards by insisting that existing state and tribal gaming laws be enforced. Former Congressman Mick Mulvaney (R-SC) is serving as the group’s executive director. By disguising themselves as financial markets, prediction markets are offering unsafe and unregulated sports betting products to consumers across the country, trampling over state laws, age restrictions and tax rules. It’s time to make it clear. Gambling is not investing. — Gambling is Not investing (@EndBackdoorBets) March 2, 2026 At the heart of the dispute is the rapid growth of prediction market platforms that let users buy and sell contracts tied to real-world events, including sports games.…