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Brazil’s betting associations back CMN restrictions on prediction markets

Regulation

The IBJR and ANJL supported the Central Bank of Brazil’s announcement of CMN Resolution 5.298/2026, which limits the use of sporting, political and other events as the basis for financial products. The IBJR said the measure would prevent firms from using prediction markets to bypass betting rules; the ANJL said online betting is not investment activity. The associations’ comments followed publication of the resolution the previous week.

The resolution defines limits relevant to firms seeking to offer event-based financial products in Brazil.

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ANJL criticises proposed Brazilian betting restrictions and warns of illegal-market advantage

Brazil's federal government is preparing rules that would restrict betting-platform features, including autoplay and tools that accelerate betting, while introducing a minimum interval between rounds. ANJL president Plínio Lemos Jorge said operators could struggle to implement some changes immediately and argued they could give illegal sites an advantage; the association has proposed a phased introduction.

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