🇧🇷🔮 Brazil Bans #Prediction Markets, Blocks Kalshi and Polymarket


Brazil has imposed a sweeping ban on #prediction markets and related betting platforms, making Kalshi and Polymarket inaccessible in the country. The central bank stated that these platforms do not comply with derivatives regulations and pose risks to investor protection and market integrity. Finance Minister Dario Durigan noted that around 28 platforms are covered by the ban. #crypto
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