Congress grills sports prediction markets as Kalshi faces court setback, today in prediction market news LIVE

Today in prediction market news, we’re following the biggest developments shaping the industry, including today’s congressional hearing on sports prediction markets, a Washington state court’s preliminary injunction against Kalshi, and renewed calls from Senate Democrats for stronger federal oversight of prediction markets. We’ll also cover Polymarket’s launch of a new research arm, expert commentary on the legal future of prediction markets, and breaking developments across prediction markets, sports event trading, crypto, and regulated forecasting throughout the day.