The new coalition is targeting the rise of prediction markets by pushing for enforcement of state and tribal gaming laws, claiming the platforms encourage illegal sports betting. Gambling Is Not Investing, which launched on Monday, argues that federally regulated prediction markets are operating in states where sports betting is illegal and improperly circumvented.
Source: https://thehill.com/policy/technology/5763650-new-coalition-calls-for-state-crackdowns-on-prediction-markets/