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Brazil Bans 27 Prediction Market Platforms in Major Crackdown on Unlicensed Betting Operations
Authorities in Brazil have intensified their crackdown on unauthorized betting-related services by banning 27 operators that were functioning under so-called “prediction market” business models. The decision follows an investigation by the country’s Ministry of Finance, which concluded that the platforms were effectively offering unlicensed betting products while presenting themselves as investment or financial derivative services. According to officials, the prohibited c
1 day ago2 min read
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