Former New Jersey Gov. Chris Christie is urging state attorneys general to crack down on prediction markets, arguing that platforms such as Kalshi and Polymarket are operating as unlicensed betting companies.
Speaking Tuesday at the Granite State Summit on Problem Gambling at Southern New Hampshire University, Christie said those platforms are acting like sportsbooks without following the rules licensed operators face on age limits, taxes, and state oversight.
He specifically called on New Hampshire Attorney General John Formella and other state prosecutors to issue cease-and-desist orders.
Christie says prediction markets are sidestepping gambling rules
Christie said prediction markets are contributing to what he described as an expansion of gambling addiction, especially through mobile access.
“Here’s the truth. These are betting companies operating in New Hampshire as we speak in an unlicensed way.”
He also argued that licensed operators are held to standards prediction markets are avoiding. Christie said licensed gambling companies cannot legally do business with people under 21, while also paying state taxes. He pointed to New York’s 50% tax rate on licensed operators as part of that contrast.
His message to states was direct: Force the companies to get licensed or stop operating.