Brazilian resolution blocks Polymarket and Kalshi over election contracts
The restrictions affect prediction-market operators offering event contracts in Brazil.
All news
Reports
Polymarket election contracts in Brazil record US$249m in trading volume
The reported block and derivatives restrictions bear on prediction-market access in Brazil, despite substantial trading volume.
CMN sets 24-hour deadline to block accounts linked to illegal betting
Banks and payment institutions must prepare processes to block notified accounts within the specified period.
Brazil’s Monetary Council sets 24-hour deadline to block illegal betting accounts
Banks and payment firms face a defined deadline and new account and transaction controls for unauthorised fixed-odds betting operators.
Brazil's CMN sets 24-hour deadline to freeze illegal betting funds
Banks and payment institutions must block funds linked to operators identified by the SPA within 24 hours of notification.
Brazil bars prediction-market derivatives tied to non-financial events
The measures remove routes for prediction-market platforms to operate and receive payments in Brazil.
Brazil bars prediction-market contracts tied to sports, politics and other outcomes
The restrictions remove sports and other non-economic event contracts from Brazil’s permitted derivatives market.
Brazil finance ministry bars 27 prediction-market platforms
The prohibition makes clear that Brazil treats the identified prediction-market services as unapproved betting, not permitted derivatives trading.
Brazil’s CMN bars sports and online gaming events from backing derivatives
The resolution defines which event-based products may underpin derivatives, affecting how betting-like products can be structured in Brazil.
Brazilian authorities bar prediction markets and block 28 platforms
The resolution and site blocking rule out prediction-market event contracts in Brazil and affect platforms serving the market.