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SPA says no Brazilian companies have formal authorisation for prediction markets

Regulation

Brazil's SPA said on 9 March that it had not formally authorised Brazilian companies to operate prediction markets and was conducting preliminary analysis. The authority said it was awaiting the CVM's view and that further regulatory assessments would involve relevant bodies; Brazil has no specific rules for the segment at present.

The SPA's position leaves operators and platforms without formal authorisation under the current framework described by the authority.

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Regulation

DGOJ links prediction markets to betting exchange rules in Spain

Spain’s DGOJ described prediction markets as cross-betting products in a 26 May notice, while its director general reiterated at MERGE Madrid in late October that gambling products require a licence to operate in Spain. The notice did not specify which licence applies; the article interprets the existing cross-betting category as potentially relevant. Italy’s 2013 rules allow player-to-player betting on non-sporting events, but the source says such events have not become part of a working exchange market.

Spain's DGOJ described prediction markets as player-to-player cross-betting in a 26 May notice, but did not say which licence applies, according to an analysis on an Italian gambling industry site. The author said a link to an existing cross-betting licence was an interpretation.

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