Brazil Bans Prediction Markets, Halts Election Bets

Brazils government has blocked access to Polymarket and 27 other prediction market sites, labeling them illegal gambling operations. Finance Minister Dario Durigan cited the move as a measure to protect Brazilians savings from debt linked to online betting. The National Monetary Council has also banned trades on elections, sports, politics, and non-financial events, allowing only economic bets. Polymarket has confirmed the block, while Kalshi is reportedly offline. The stock exchange B3s plans to launch election-linked contracts have been put on hold due to the crackdown. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/f2abca4e86b8eaf1