Prediction Market Critics Step Up Fight With New Advocacy Group

Conservative critics of online prediction markets are launching a new advocacy group to fight Trump administration efforts to keep the platforms free of state gambling regulations, bringing new firepower to forces opposing the industry in a pivotal political battle.

Former Donald Trump White House chief of staff, Mick Mulvaney, will spearhead the group, which will operate under the name “Gambling Not Investing.” Mulvaney, a former South Carolina congressman who also was Trump’s first-term budget director, joins a growing group of prominent Republicans who are speaking out against the unfettered growth of online prediction markets, including Utah Governor Spencer Cox ...