Mick Mulvaney, former Acting White House Chief of Staff during Trump's first Administration and former Congressman from South Carolina, is now the Executive Director of Gambling Is Not Investing (GINI), a coalition pushing back against the growth of prediction markets into what has typically been sports betting territory.
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It’s a classic Washington extra-inning thriller — two former Republican congressmen, one former Democratic congressman, and a former mayor - now stand on opposite sides of a fierce lobbying battle that could reshape the fast-growing prediction markets industry.
The Lineups
Leading the prediction markets side is the Coalition for Prediction Markets (CPM). At the plate: former Rep. Sean Patrick Maloney (D-NY) as president and CEO, with former House Financial Services Committee Chairman Patrick McHenry (R-NC) serving as senior advisor.
