Brazil finance ministry prohibits 27 prediction-market companies
Brazil’s Ministry of Finance published a list of 27 companies prohibited from operating in the country after the government classified their prediction-market services as betting not permitted under Brazilian law. The government said the platforms offered wagers on events including elections, sports and cultural awards; the measure does not apply to conventional betting operators authorised under the law.
The decision clarifies that prediction platforms are subject to restrictions distinct from those governing authorised betting operators.