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Chris Christie says sports prediction markets breach US state betting laws

Regulation

Former New Jersey governor Chris Christie said in a 19 December interview that sports prediction markets are illegal because they operate outside state gambling frameworks. He urged platforms offering sports contracts to obtain state licences, pay taxes and follow gambling rules. Massachusetts’ attorney general has sought to block Kalshi’s sports markets, while a Nevada judge rejected the company’s position in a separate dispute.

The competing state and federal regulatory positions affect whether prediction-market platforms can offer sports contracts without state gambling licences.

End-of-day close DraftKings (DKNG), USD, to 13 February 2026
Story date18 November 202513 February 2026

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Christie predicts Supreme Court case over US sports prediction markets

Former New Jersey Governor Chris Christie said the dispute between states and federal authorities over sports-related prediction-market contracts is likely to reach the US Supreme Court. Christie, a strategic adviser to the American Gaming Association, claimed states had won 85% of related cases; Kalshi’s head of enforcement said the split was closer to 50-50. CFTC Chairman Michael Selig defended the agency’s federal authority.

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