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Brazil bans prediction markets, becoming third Latin American country to block Polymarket and Kalshi
- Brazil bans prediction markets, becoming third Latin American country to block Polymarket and Kalshi — Brazil has banned prediction markets outright under a central bank resolution prohibiting derivative contracts tied to sports, politics, and cultural outcomes, forcing Polymarket and Kalshi to shut down in the country. Brazil joins Argentina and Colombia as the third Latin American country to ban the platforms, amid a wider global crackdown that also includes Portugal and Romania. (HackerNoon)
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