🇧🇷 Brazil blocks 27 prediction market sites

Brazil has ruled prediction markets illegal and Anatel has moved fast, blocking 27 websites from 24 April, including Kalshi and Polymarket, according to The iGaming Europe. 📉🇧🇷 The trigger was a new CMN resolution that limits derivatives to economic and financial indicators only. That means contracts linked to sports, politics, culture or entertainment no longer have a legal footing as financial instruments. ⚖️ For iGaming and adjacent fintech firms, the message is clear: Brazil is drawing a firmer line between regulated finance and event-based wagering. 🚫