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IBJR warns Brazil prediction markets could enable regulatory arbitrage

Regulation

Brazil's IBJR called for clear rules for prediction markets, arguing that products tied to uncertain sports outcomes should be treated as bets regardless of their label or format. The association said allowing equivalent products outside existing rules could weaken consumer and sports-integrity protections and reduce tax revenue; the SPA has said it has not formally authorised Brazilian companies to operate in the segment.

Operators face uncertainty over whether prediction-market products fall under Brazil's existing betting obligations.

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Regulation

ABRAS sales data show supermarket growth before Brazil's betting ban

ABRAS monitoring recorded a 7.9% year-on-year increase in sales by value for 14–20 September, when authorised betting platforms were operating, the report said. The same measure showed 7.4% growth for 5–11 October, the week ABRAS cited in connection with the betting ban. ABRAS did not provide controls for other factors when questioned, according to the report.

Supermarket sales by value rose 7.9% year on year in the week of 14 to 20 September, according to ABRAS's own weekly NielsenIQ monitoring. In the week of 5 to 11 October, the week ABRAS used to credit the betting ban, the same measure showed 7.4% growth.

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