{"id":71650,"date":"2026-04-26T09:14:38","date_gmt":"2026-04-26T09:14:38","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/brazil-bans-predictions-markets-report-highlights-regions-mining-potential\/"},"modified":"2026-04-26T09:14:38","modified_gmt":"2026-04-26T09:14:38","slug":"brazil-bans-predictions-markets-report-highlights-regions-mining-potential","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/brazil-bans-predictions-markets-report-highlights-regions-mining-potential\/","title":{"rendered":"Brazil Bans Predictions Markets, Report Highlights Region&#8217;s Mining Potential"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<p data-path-to-node=\"0\"><strong>Key Takeaways:<\/strong><\/p>\n<ul>\n<li data-path-to-node=\"1,0,0\">On April 24, Brazil banned non-financial <span>prediction markets<\/span>, restricting future derivative trades.<\/li>\n<li data-path-to-node=\"1,1,0\"> <span>Hashrate<\/span> Index sees Latam becoming a <span>Bitcoin mining<\/span> hub, fueled by Brazil\u2019s 133% YoY <span>hashrate<\/span> growth.<\/li>\n<li data-path-to-node=\"1,2,0\">Itau Ventures invested $10M in Minter to tackle future green energy waste via mobile <span>Bitcoin mining<\/span>.<\/li>\n<\/ul>\n<h2>Brazil Issues Ban on Non-Financial <span>Prediction Market<\/span> Contracts<\/h2>\n<p>The National Monetary Council of Brazil has published a resolution that issues a blanket ban on <span>prediction market<\/span> contracts related to non-financial underlying events.<\/p>\n<p><a href=\"https:\/\/www.bcb.gov.br\/estabilidadefinanceira\/exibenormativo?tipo=Resolu%C3%A7%C3%A3o%20CMN&amp;numero=5298\" target=\"_blank\" rel=\"noopener noreferrer\">Resolution No. 5,298<\/a>, issued on April 24, established that derivative contracts related to real sporting events, virtual online gaming events, or real or virtual events of a political, electoral, social, cultural, or entertainment nature are prohibited in the country.<\/p>\n<p>Similarly, the resolution establishes that derivatives tied to economic and financial benchmarks, including prices or rate indices, securities indices, bond indices, interest rates, and exchange rates; or <span dir=\"auto\">the prices of commodities<\/span><em><span dir=\"auto\">,<\/span><\/em><span dir=\"auto\"> financial assets, and securities traded on organized exchange and <span>over-the-counter<\/span> markets, will be allowed.<\/span><\/p>\n<p>The measure comes after a Technical Note from the Secretariat of Prizes and Betting (SPA), Brazil\u2019s gambling watchdog, <a href=\"https:\/\/www.gov.br\/fazenda\/pt-br\/composicao\/orgaos\/secretaria-de-premios-e-apostas\/apostas-de-quota-fixa\/legislacao\/sei_60754019_nota_tecnica_2958.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">considered<\/a> that <span>prediction market<\/span> platforms <strong>\u201csimply reproduce the essential elements of fixed quota bets.\u201d<\/strong><\/p>\n<p><\/p>\n<p><a href=\"https:\/\/news.bitcoin.com\/brazil-issues-ban-on-non-financial-prediction-market-contracts\/\">Read more.<\/a><\/p>\n<h2> <span>Hashrate<\/span> Index: Brazil and Venezuela Show Potential to Grow Latam\u2019s <span>Bitcoin Mining<\/span> Share<\/h2>\n<p>While the global share of <span>bitcoin mining<\/span> <span>hashrate<\/span> is dominated by nations like the U.S., China, and Russia, Latam might be on the verge of becoming a larger player in this market.<\/p>\n<p>According to <span>Hashrate<\/span> Index\u2019s \u201cThe State of <span>Bitcoin Mining<\/span> in Latin America (2026)\u201d report, while Paraguay has the fourth place of countries hosting the most <span>bitcoin<\/span> <span>hashrate<\/span> with 43 EH\/s and 4.3% of the global <span>hashrate<\/span>, Brazil and Venezuela have the potential to grow and turn Latam into a <span>Bitcoin mining<\/span> superpower.<\/p>\n<p>Brazil, which has increased its <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-bitcoin-hashrate\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">hashrate<\/a> share by 133% year-over-year, has opened new opportunities for miners, as they can now negotiate directly with companies in the energy generation market to lock up tariffs, bypassing distributor tariffs and other surcharges.<\/p>\n<p>Venezuela, on the other hand, shows an untapped potential, as it registers 5 EH\/s even under the current conditions.<\/p>\n<p><a href=\"https:\/\/news.bitcoin.com\/hashrate-index-brazil-and-venezuela-show-potential-to-grow-latams-bitcoin-mining-share\/\">Read more.<\/a><\/p>\n<h2>Largest Bank in Brazil Moves to Invest in <span>Bitcoin Mining<\/span><\/h2>\n<p>Itau, one of the largest banks in Brazil, has turned its gaze on <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-bitcoin-mining\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin mining<\/a> and data centers.<\/p>\n<p>According to local media, Itau Ventures, the bank\u2019s investment arm, has made an undisclosed investment in Minter. This company seeks to solve one of the largest problems in green energy installations: curtailment.<\/p>\n<p>Minter takes hardware that is normally confined to a fixed location and combines it with mobile containers, turning these activities into initiatives that can be executed directly where renewables are generated.<\/p>\n<p>The investment, reaching up to $10 million, positions Minter as an alternative for all energy producers seeking to <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-leverage-in-crypto-trading\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">leverage<\/a> energy that would be wasted or not produced, backed by Itau\u2019s name.<\/p>\n<p><a href=\"https:\/\/news.bitcoin.com\/largest-bank-in-brazil-moves-to-invest-in-bitcoin-mining\/\">Read more.<\/a><\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/latam-insights-brazil-bans-predictions-markets-report-highlights-regions-mining-potential\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways: On April 24, Brazil banned non-financial prediction markets, restricting future derivative trades. Hashrate Index sees Latam becoming a Bitcoin mining hub, fueled by Brazil\u2019s 133% YoY hashrate growth. Itau Ventures invested $10M in Minter to tackle future green energy waste via mobile Bitcoin mining. Brazil Issues [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":71651,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/71650"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=71650"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/71650\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/71651"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=71650"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=71650"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=71650"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}