Brazil Halts Prediction Markets, 20+ Platforms Cited Under Gambling Law

25-Apr-2026 TronWeekly
Brazil Halts Prediction Markets, 20+ Platforms Cited Under Gambling LawBrazil has moved to restrict prediction markets under a new resolution issued on Friday. Authorities ordered platforms to stop operations, citing violations of federal gambling laws. The decision targets services like Polymarket that allow speculation on real-world events. According to a Bloomberg report, the National Monetary Council said prediction markets do not fit within existing […]
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