Why Prediction Markets Got the Brazilian Election So Wrong

Experts say Brazil's prediction market ban left the odds in the hands of traders with little knowledge about the election.
Key Takeaways
- Experts say Brazil's prediction market ban left the odds in the hands of traders with little knowledge about the election.
- Read the full article for additional context and details.
- Read the full article for additional context and details.
Summary generated by IndiCrypto from Decrypt. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Regulation

Kraken Parent Payward Eyes First CFTC-Regulated Hyperliquid Futures Market
Kraken parent Payward plans to become the first Commodity Futures Trading Commission (CFTC)-regulated operator to deploy perpetual futures markets on Hyperliquid for eligible U.S. customers. The proposal would combine Hyperliquid’s onchain trading…
Tokenised US Stock Venues Must Give 30 Days’ Public Notice, SEC Clarifies
SEC staff guidance spells out a 30-day public-notice requirement for venues seeking to operate under the temporary tokenised-stock exemption.

Strategy makes record $205 million STRC buyback as Strive spends $511 million on Bitcoin
Bitcoin treasury firms Strategy and Strive made record purchases last week, but directed their capital toward different assets. While Michael Saylor's Strategy intensified its preferred-stock buybacks, Strive accelerated its Bitcoin accumulation, highlighting…