Brazil’s CMN bars derivatives tied to sports, online games and other events
Brazil’s National Monetary Council (CMN) prohibited the offer and trading of derivatives based on sports, online games, political, social, cultural and entertainment events. The government also announced that it would block prediction-market platforms in Brazil; lawyer Eric Hadmann Jasper discussed the regulatory and legal issues in an interview.
The prohibition and announced platform blocks affect prediction-market operators and firms offering event-linked financial contracts in Brazil.