Newsazenplay.comBrazilian lawmakers proposed dozens of amendments after the government moved to prohibit online betting. The proposals add uncertainty to the implementation and future scope of the country’s recently established regulated market.
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Brazilian measures reported during the week would prohibit fixed-odds betting and online casino activity from October 6. The reported action comes less than two years after Brazil established a regulated online betting market.
The US Commodity Futures Trading Commission asked a federal court to find that federal regulators have exclusive jurisdiction over prediction markets. The filing seeks to block New York efforts to apply state gambling laws to event-contract providers including Coinbase and Gemini.
A federal judge temporarily blocked Illinois from enforcing gambling-licence requirements against Kalshi and Coinbase. The court found that the companies’ sports-related contracts were likely federally regulated swaps.