Source link : https://las-vegas-news.com/christie-bolsters-nevadas-defense-against-prediction-markets-as-coinbase-mounts-federal-challenge/
Christie’s Evolution from Pioneer to Protector (Image Credits: Flickr)
Nevada – Former New Jersey Governor Chris Christie has aligned with gaming industry leaders to counter the rise of prediction markets, coinciding with Coinbase’s lawsuit against state regulators over sports event contracts.[1]
Christie’s Evolution from Pioneer to Protector
Chris Christie played a pivotal role in legalizing sports betting nationwide. He spearheaded New Jersey’s legal battles, culminating in a U.S. Supreme Court victory that opened the door for regulated wagering in 40 states. Now, he advises the American Gaming Association (AGA) on combating prediction markets.[1]
These platforms expanded into sports outcomes last year, offering yes-or-no contracts on events that function much like bets. Christie argues they evade state oversight. “Prediction markets are acting illegally in all 50 states,” he stated, highlighting failures to pay taxes, protect consumers, or safeguard league integrity.[1]
His involvement stems from a deep commitment to regulated gambling. “We spent six years of my term as governor in court fights… That it’s being done the right way means a great deal to me,” Christie explained.[1] He favors state courts for enforcement, believing they better grasp local laws.
Nevada Regulators Draw First Blood
Nevada gaming authorities view prediction markets as unlicensed wagering. The Nevada Gaming Control Board sued Blockratize Inc., known as Polymarket, in…
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Author : Matthias Binder
Publish date : 2026-02-09 22:53:00
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