Brazil’s TSE clarifies ban on election betting by prediction platforms
Brazil’s Superior Electoral Court (TSE) approved a resolution on 17 September 2024 detailing the ban on betting on election outcomes, according to the article. The rule amended articles 1 and 6 of TSE Resolution 23.735/2024; the report says prediction-market platforms in Brazil are limited to economic indicators and cannot offer election or sports-outcome contracts.
The clarified rules limit Brazilian prediction-market platforms to economic indicators, excluding election and sports-outcome contracts.