1. An illegal or unregulated market where goods, services, or financial instruments are bought and sold outside official channels, often to evade taxes or regulations
The shadow market for counterfeit goods thrives in major cities worldwide.
O mercado paralelo de produtos falsificados prospera em grandes cidades do mundo todo.
2. Financial markets that operate outside the traditional banking system, including informal lending and peer-to-peer transactions
The shadow market for cryptocurrency transactions has grown exponentially.
O mercado paralelo de transações de criptomoedas cresceu exponencialmente.