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.

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