Brazil promotes ban on prediction-market contracts from 4 May
Brazil’s federal government has launched a public information campaign about a ban on prediction-market contracts, following a resolution by the National Monetary Council. The rules take effect on 4 May and cover contracts on areas including sport and politics; authorities said they do not affect sports betting operators authorised in Brazil.
Prediction-market providers face restrictions in Brazil, while authorised sports betting operators are excluded from the measure.