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Brazil bars prediction-market operations pending specific legislation, report says

Regulation

Brazil’s federal government prohibited prediction-market operations on 4 May until specific legislation regulates the activity, according to the report. The article names Kalshi and Polymarket as major platforms and says the sector recorded US$40 billion in transactions in 2025. It also reports that Brazilian users had participated through overseas accounts before the prohibition.

The reported restriction affects prediction-market operators and users seeking access in Brazil.

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Regulation

CFTC gives prediction markets 30 days to address state access blocks

The CFTC issued guidance saying state-based geographic restrictions generally conflict with impartial-access requirements for designated contract markets in the United States. It gave exchanges 30 days to remove conflicting blocks or explain to the Division of Market Oversight, with supporting evidence, why compliance is not feasible. The same framework applies to intermediaries and other entities providing market access.

The CFTC said state-based geographic restrictions on prediction markets are generally inconsistent with its impartial access rules, and gave operators and exchanges 30 days to lift them or explain why they cannot. The agency issued the guidance on Thursday as a formal interpretation of its impartial access requirements for designated contract markets. It said location alone should not be used to deny access to eligible participants within the United States.

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