Brazil Blocks Polymarket, Kalshi and 25 Other Prediction Platforms

Brazil blocked 27 prediction market platforms, including Polymarket and Kalshi, under rules that treat most event-based contracts as gambling. Resolution 5.298 was issued by Brazil’s National Monetary Council, and the block takes effect in early May. Contracts tied to inflation, interest rates, exchange rates, or commodity prices remain legal under financial market regulation.

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