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Techub News reported that, according to Cointelegraph, Brazilian authorities have taken action to block 27 prediction market platforms, including Kalshi and Polymarket. Under the new rules, contracts related to sports, politics, entertainment, or social activities are prohibited, as authorities believe these contracts are closer to gambling rather than financial investment. Only contracts tied to economic indicators such as inflation, interest rates, exchange rates, or commodity prices are allowed, and they are subject to regulation by financial market authorities. This crackdown stems from Resolution No. 5.298 issued by the Brazilian National Monetary Council (CMN) on Friday, which will take effect in early May and will significantly limit the service scope of prediction market platforms.