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Brazil bans prediction markets as countries crack down on Polymarket and Kalshi
- Brazil bans prediction markets as countries crack down on Polymarket and Kalshi — Brazil's central bank and National Monetary Council issued Resolution 5,298 prohibiting derivative contracts linked to sports, politics, gaming and cultural events, citing investor protection and market integrity. The article notes Brazil follows Argentina and Colombia in Latin America and that Polymarket is blocked in more than 30 countries. (HackerNoon)
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