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Chris Christie questions prediction markets’ legality and consumer safeguards

Regulation

Former New Jersey governor Chris Christie called prediction markets illegal and harmful in an interview, arguing that sports betting should operate within state regulatory structures. He also questioned whether the Commodity Futures Trading Commission regulates the platforms and warned that markets tied to college sports could create manipulation risks.

Christie’s criticism highlights legal and manipulation concerns that could intensify scrutiny of prediction markets, especially those tied to college sports.

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Regulation

NCPG calls for consumer protections across gambling and prediction products

The National Council on Problem Gambling said entities offering gambling or functionally similar products should provide safeguards including self-exclusion, age verification and risk disclosures. Board president Derek Longmeier said users experience financial, emotional and relationship harms from prediction markets. Kalshi, whose membership in NCPG prompted criticism and withdrawals by other organisations, said it disagreed with NCPG’s assessment but welcomed dialogue.

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