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BSCN·2026-04-24 18:25
BRAZIL MOVES TO BAN ELECTION AND SPORTS PREDICTION MARKETSBrazil moved today to ban prediction market bets tied to elections and sports, per Bloomberg. The Ministry of Finance has been coordinating the policy with the Federal Revenue Service, securities regulator CVM, Attorney General's Office, and National Consumer Secretariat.The country's Superior Electoral Court already bans betting on voting outcomes under Article 62 of the electoral code and has ordered takedowns of sites that offered it. ...