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📰 [Brazil issues a comprehensive ban, prohibiting prediction market platforms]
The Brazilian Ministry of Finance has blocked platforms like Polymarket and Kalshi due to concerns over investor protection and increasing gambling addiction issues.
Brothers, check out this news, Brazil directly shut down prediction market platforms, claiming to protect investors and prevent gambling addiction. I just laughed, $BTC $ETH when the market fluctuates by ten or twenty points every day, why don’t they care? Isn’t this just about seeing retail investors make money and being afraid you’ll participate in something new?
I, Old Solo, have been in the circle for eight years, and I’ve seen this kind of thing many times. Every time a major country takes action, it’s a good time to panic sell. Don’t panic, truly good things are never created through regulation. Market panic is just an opportunity to give money to those who are prepared. Whoever cuts their losses first at this moment is the real chives.
👇👇👇👇👇