Is being a sugar baby the same as being a prostitute?

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Nope, you don't have to have sex with sugar daddies to make money or receive gifts. Anyone who says yes has no idea how that world really works.

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In most cases sex isn't even involved in Sugar relationships so definitely not.

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Prostitution under the definition of using talents to make personal gain, yes. 
  
I believe legally prostitution is soliciting sex for money, which not all sugar babies do.

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Since sex is hardly EVER involved I'm gonna say no and suggest that people not talk about things they don't know about.

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Sex is involved in being a sugar baby. Men don't cash out thousands and thousands of dollars for a nice friendship usually. Something sexual is involved eventually. Not all the time of course.  But I don't view it as a prostitute. It's very different. You form a relationship and a friendship with these men. Unlike a prostitute who has sex and gets money. That's it. Very different professions.

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No, and there's nothing morally wrong with either

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Not at all. Educate yourselves before you judge people's choices!

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A prostitute is a prostitue. A sugar baby is a sugar baby. Two different "career" choices.