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Brazil's central bank bans prediction markets, third Latin American crackdown
- Brazil's central bank bans prediction markets, third Latin American crackdown — Banco Central do Brasil and the National Monetary Council published Resolution No. 5,298 prohibiting derivative contracts tied to sports, politics, gaming and cultural or social outcomes, citing investor protection and market integrity. Brazil joins Argentina and Colombia as the third Latin American country to ban prediction markets, amid similar restrictions in Norway and Portugal. (HackerNoon)
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