Issues with regulating prediction markets in Aotearoa w/ the Problem Gambling Foundation's Andrée Froude: 1st July, 2026

Prediction market sites are becoming an increasingly popular way to gamble online. The two main sites, Kalshi and Polymarket, offer users a wide variety of different issues to bet on, from politics to sports to military confrontations. 

While the sites are illegal in New Zealand, many continue to use them. Regulating online gambling has been particularly difficult in New Zealand, with these new companies creating a new dimension in need of attention. 

Atop all of this, CEO of Meta, Mark Zuckerberg recently announced the company’s intention to establish its own prediction market app called Arena. The announcement has raised concerns from gambling advocates and regulators, who say it could bring prediction markets further into the mainstream and make them harder to legislate. 

To discuss prediction markets more broadly and how they operate in Aotearoa, News Director Castor spoke to Principal advisor for advocacy and engagement at the problem gambling foundation Andrée Froude.