Brazil blocks 27 prediction markets via Resolution 5.298, banning contracts tied to sports, politics, entertainment, or social events; effective in early May, with only contracts linked to economic indicators remaining under oversight.Abstract: This note reports that Brazil blocked 27 prediction-market platforms after Resolution 5.298, which bans contracts tied to sports, politics, entertainment, or social events and will take effect in early May. Under the new framework, only contracts linked to economic indicators such as inflation, interest rates, exchange rates, or commodity prices may remain under financial-market oversight.

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2026-04-25 14:22:53

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Brazilian authorities moved to block 27 prediction market platforms, including Kalshi and Polymarket, after issuing new rules on Friday. Resolution 5.298 bans contracts tied to sports, politics, entertainment, or social events and takes effect in early May. Only contracts linked to economic indicators such as inflation, interest rates, exchange rates, or commodity prices will remain allowed under financial market oversight.

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Brazil Bans 27 Prediction Markets, Including Kalshi and Polymarket

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