SectorWire
SearchRegister
MenuClose

Brazil betting companies seek equivalent rules for prediction markets

Regulation

Betting companies in Brazil are seeking meetings with government economic officials to argue that prediction markets should follow the rules applied to betting. Their push gained momentum after Polymarket expanded its Brazilian operations; operators say event-based contracts resemble bets, while classification as gambling could bring operational restrictions and new legal obligations.

A decision on classification could determine whether prediction-market platforms face Brazil’s betting rules and related obligations.

Request a correction

Flag an issue

Keep reading

Regulation

Polymarket and OG.com sue Arkansas over prediction-market enforcement

Polymarket and Crypto.com-owned OG.com filed separate federal lawsuits against Arkansas officials, seeking to prevent enforcement of state gambling laws against their event-contract markets. Both companies cite the state’s recent case against Kalshi as evidence that they could face enforcement; the suits argue federal law pre-empts Arkansas law.

Prediction-market operators Polymarket and OG, which is owned by Crypto, have brought separate federal suits to stop Arkansas from applying state gambling laws to their markets. Their defendants include Attorney General Tim Griffin and members of the Arkansas Racing & Gaming Commission, according to the source.

Continue reading