Brazilian authorities have intensified a crackdown on prediction-market platforms, ordering the blocking of 27 services, including Kalshi and Polymarket. The move was announced in a joint escalation by the Finance Ministry and enforcement agencies, with state media Agência Brasil confirming the action. Officials argued that these platforms operate outside Brazil’s current legal framework and are therefore illegal. According to Agência Brasil, the enforcement follows a directive from the National Monetary Council (CMN) and marks a shift toward tighter oversight. Finance Ministry executive secretary Dario Durigan described the regulatory stance as a response to a period of regulatory “anarchy” in the sector from 2018 to 2022, signaling a transition to structured rules intended to prevent unregulated financial activity. The crackdown is anchored in CMN Resolution 5.298, issued on Friday and set to take effect in early May. The regulation sharply curtails the scope of prediction-market off...
XRP has climbed more than 30% over the last three months, and fresh on-chain and market signals are fueling a cautiously constructive outlook for the XRP/USD pair. As institutional interest, token flows, and a key technical setup align, traders are watching whether the momentum can extend into late spring and early summer. Analysts are dialing in on a confluence of factors: a notable outflow of XRP from exchanges, renewed large-holder accumulation signals, and a tilt in U.S. spot XRP ETF demand. Together, these elements paint a picture of a market shifting away from near-term selling pressure and toward a more sustained demand dynamic, even as the price hovers near a critical technical juncture. Key takeaways Exchange outflows are signaling a shift of XRP into private wallets or custody, with nearly 35 million XRP leaving exchanges in the last 24 hours—the sixth-largest daily outflow of the year, according to Santiment. U.S. spot XRP ETFs have seen three consecutive weeks of net inflow...