🇧🇷 Brazil shuts door on prediction markets

Brazil has confirmed that prediction market operators cannot legally offer services in the country, with platforms such as Polymarket explicitly in scope. Authorities have also begun site-blocking measures against operators that continue to target Brazilian users. 🇧🇷⚖️ For the wider iGaming sector, this is a clear signal that Brazil is drawing firmer lines around what qualifies as permitted betting activity. As Latin America’s largest market sharpens enforcement, compliance strategy and product classification will matter more than ever. 📊🔒 Source: iGaming Business