Brazil Blocks 27 Prediction Markets, Including Kalshi and Polymarket

Brazil blocked 27 prediction market platforms, including Kalshi and Polymarket, under a rule that treats many event contracts as gambling. Resolution No. 5.298 will take effect in May. The rule permits only contracts tied to inflation, interest rates, exchange rates, or commodity prices. Officials said the measure aims to curb household debt and financial risks.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin