ONLINE GAMBLING
Brazil pulls the plug on prediction markets
Brazil’s Finance Ministry says prediction markets are betting companies with a rebrand. Photo: Dado Ruvic/Reuters/Folhapress
The Brazilian government moved against prediction markets on Friday, banning platforms that allow users to wager on anything from election outcomes to reality TV finales.
A resolution of the National Monetary Council (CMN) bans the offering and trading of derivative contracts whose underlying assets relate to…
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