Brazilian lawyer says CMN resolution raises uncertainty for prediction markets
Brazilian lawyer Filipe Senna said National Monetary Council Resolution No. 5,298 could indirectly affect prediction markets, although it does not address them directly. Senna argued that some event-based contracts may resemble fixed-odds betting and said the resolution does not impose a definitive ban.
Operators and investors in prediction markets face uncertainty over how Brazil’s financial and betting rules apply to their contracts.