Fmr. NJ Gov. Chris Christie says the sports predication markets fight will go to the Supreme Court

Summary

CNBC's Contessa Brewer interviews former New Jersey Governor Chris Christie about the gaming industry's fight over sports prediction markets. Christie, now a strategic advisor to the American Gaming Association, argues that sports prediction markets are illegally bypassing state gambling laws and should be stopped, and he expects the issue to reach the Supreme Court. He defends state-regulated sports betting as a consumer-protective and integrity-preserving model and says major sports leagues should continue to hold back from prediction market partnerships.

• The American Gaming Association issued an ultimatum that prediction market participants cannot be members.
• Chris Christie opposes sports prediction markets as illegal and harmful to sports integrity.
• Christie expects the legal fight over prediction markets to reach the Supreme Court.
• He supports state-regulated sports betting for consumer protection and tax revenue.
• Christie criticizes prediction market entrants for bypassing state laws and voter decisions.
• He says big financial firms entering prediction markets do not give them credibility.
• Christie says major sports leagues should continue holding back from prediction market partnerships.