“Please, Spare Me.” Chris Christie on Kalshi & Polymarket 2/20/26

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 20 February 2026

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Supreme Court has struck down the President’s tariffs, President Trump is considering a limited military attack against Iran, private credit stocks are sliding, and filmmaker James Cameron is speaking out against Netflix’s bid for Warner Brothers Discovery. Plus, former New Jersey Governor Chris Christie is now a strategic advisor for the American Gaming Association, and he’s calling out the “prediction market” status of Kalshi and Polymarket. Florida Governor Ron DeSantis discusses the state tax policies around the country that are driving businesses and billionaires to his own state. Chris Christie - 18:19 Gov. Ron DeSantis - 35:00 In this episode: Chris Christie, @GovChristie Ron DeSantis, @GovRonDeSantis Eamon Javers, @eamonjavers Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY

Transcript

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0:00.0	Bring in show music, please.
0:03.0	This is Squawk Pod, and I'm CNBC producer Cameron Costa.
0:08.0	On today's episode,
0:10.0	The Supreme Court is set to decide on President Trump's authority to enact tariffs.
0:16.0	The U.S. is poised for a potential attack on Iran.
0:20.0	Private credit stocks are sliding, and Hollywood giant James Cameron is weighing in on the
0:25.6	Warner Brothers Discovery Deal that we cannot stop talking about.
0:30.2	What do you call that when it's both options are really bad for Hollywood?
0:34.4	It's a...
0:35.4	Double-edged sword?
0:36.4	No, it's worse.
0:37.4	It's a... Yeah. Conundrum? It's a double-edged sword? No, it's worse. It's a conundrum.
0:39.3	Conundrum, it's a lose-lose for they don't like Netflix or the Ellison's.
0:45.3	Plus, former New Jersey Governor Chris Christie is now a strategic advisor to the American Gaming Association,
0:52.3	and he's taking aim at Calci and
0:55.2	Polly Market, both of which are firm on the distinction between sports betting and prediction
1:01.1	markets.
1:02.1	Please, spare me.
1:04.0	What they're trying to do is avoid regulation and avoid being taxed at the state level.
1:08.4	Guess what?
1:09.4	Draft Kings would like to do that.
1:10.4	Fantle would like to do that. Fantle would like to do that.
	...

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