White House betting controversy, Kalshi legal fight, 44 AGs oppose CFTC proposal, today in prediction market news LIVE

In today's prediction market news, significant events unfolded across the industry. Kalshi, a prominent player, faced legal challenges from New York regulators, adding to its ongoing legal saga. Simultaneously, a White House official addressed allegations involving prediction market bets linked to President Trump. Notably, 44 state attorneys general united in a concerted effort to dissuade the CFTC from endorsing proposed prediction market rules.

Additionally, Minnesota introduced an executive order targeting insider betting, and court rulings further clarified the state's enforcement powers. Meanwhile, ProphetX secured a substantial $35 million funding round, signaling strong investor confidence. Furthermore, a dedicated prediction market-focused media company launched, reflecting the growing industry landscape.

Throughout the day, the reporting continues to bring forth various updates and noteworthy happenings in the world of prediction markets.