Today in prediction market news, we’re following a wave of legal and regulatory developments across the industry, including Novig filing lawsuits against Washington, Massachusetts, and New Mexico, New York seeking to move its Kalshi case back to state court, and the CFTC appealing the Wisconsin prediction market ruling. We’ll also track Kalshi’s emergency bid for an injunction in Utah, the CFTC’s latest warning to prediction markets, and breaking developments across prediction markets, regulation, crypto, elections, and sports event trading throughout the day.

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