Brazil bans prediction market platforms

ME News Report, April 25 (UTC+8), Brazil has fully banned prediction markets and related betting platforms, making Kalshi and Polymarket inaccessible locally. The Central Bank of Brazil stated that these platforms do not meet derivatives trading regulatory requirements and pose risks to investor protection and market integrity. Finance Minister Dario Durigan said approximately 28 platforms are included in this ban. (Source: MLion)

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