Chris Christie Says Prediction Markets Threaten ‘Integrity’ Of Sports, ‘Need To Be Stopped:’ Predicts Supreme Court Showdown
Former New Jersey Gov. Chris Christie (R) is warning that the rapid expansion of sports-related prediction markets poses serious legal, economic and ethical risks, as the platforms undermine state law and threaten the integrity of professional and amateur sports.
Sports Prediction Markets ‘Need To Be Stopped’
Christie, who was the Republican Presidential candidate in 2016 and 2024, and currently serves as a strategic advisor to the American Gaming Association, said unregulated prediction markets are operating illegally across the U.S. and eroding consumer protections while speaking to CNBC’s Contessa Brewer on Thursday.
He said the unchecked expansion of prediction markets is creating serious risks for both consumers and the broader sports ecosystem, particularly as platforms move into states with either weak oversight or clear prohibitions.
This model threatens “the integrity of the sport,” weakens “consumer protection,” and “hurts tax revenue in those states.” The “bottom line,” he said, is that “it’s against the law, and they need to be stopped.”
Christie rejected claims from companies such as Kalshi that they are regulated by the Commodity Futures Trading Commission, and are thus shielded from state law through federal oversight, calling …
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