Today in prediction market news, we’re tracking the biggest developments across the industry in real time, including a federal judge’s decision to send Kalshi’s lawsuit against Michigan back to state court, new legal filings involving Kalshi and the New Mexico Tribes, and fresh momentum for federal prediction market legislation on Capitol Hill. We’ll also cover the Senate Democrats’ effort to limit the CFTC’s litigation funding, and the latest exchange fee filings from Kalshi and Polymarket. Follow our live blog throughout the day for breaking updates, market reactions, and analysis from across the prediction markets, sports event trading, crypto, and regulated forecasting industries.

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