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Brazil bars prediction-market contracts tied to sports, politics and other outcomes

Regulation

Brazil’s government has ruled that prediction markets are illegal outside the country’s gambling framework, and Anatel took 27 platforms offline on Friday, reportedly including Polymarket, Fanatics Markets and Kalshi. Finance Minister Dario Durigan said the National Monetary Council now permits derivatives tied only to economic indicators, offered by authorised firms.

The restrictions remove sports and other non-economic event contracts from Brazil’s permitted derivatives market.

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Regulation

CFTC directs prediction markets to lift state geoblocks within 30 days

The CFTC said on 5 November that registered designated contract markets must remove domestic geographic restrictions that conflict with its fair-access requirements within 30 days. Exchanges must also ensure partner intermediaries comply, or explain in writing why they cannot; the guidance comes amid state court orders requiring restrictions in several states.

The CFTC said on 5 November that registered prediction market operators must unblock geoblocked states within 30 days. Under its new interpretative guidance, designated contract markets that cannot comply may instead explain in writing why they cannot.

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