Brazil has banned 27 prediction market platforms, including Polymarket and Kalshi, classifying most event-based contracts as illegal betting.


The crackdown blocks platforms offering bets on politics, sports, and social events, allowing only contracts tied to economic indicators like interest rates.
The move aims to protect consumers from financial risks and prevent unregulated, gambling-like markets.
#CryptoNews
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