Newsazenplay.comBrazil’s government moved to close the licensed online betting market through Provisional Measure 1.394, signed on September 25. Operators and other affected parties are contesting the measure before the Supreme Court.
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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.