SectorWire
SearchGet the daily briefing
Menu

Brazil government plans coordinated policy on prediction markets

Regulation

Brazil’s federal government plans to coordinate work on prediction markets through the Ministry of Finance and several agencies, according to a media report. The Federal Revenue Service, Securities and Exchange Commission, Attorney General’s Office and National Consumer Secretariat are to develop a policy; the report says the activity currently lacks specific regulation or an express prohibition. Licensed gambling companies have warned of potential unfair competition.

A new policy could determine how prediction-market operators and licensed gambling companies are treated in Brazil.

Request a correction

Keep reading

Regulation

Brazilian government prohibits fixed-odds betting under MP 1,394/2026

Brazil’s MP 1,394/2026 prohibits fixed-odds betting, according to a report discussing the measure and its effects on licensed operators. The report says 85 operators paid R$30 million each for five-year authorisations, totalling R$2.55 billion, and that the government will not refund fees for unused periods. Finance Minister Dario Durigan said investors would have predictability in Brazil.

Brazil's government has prohibited fixed-odds betting through MP 1,394/2026, according to the report. The measure ends authorisations that had been active for 22 months. The government will not refund the authorisation fees or the portion covering the remaining period, the report says.

Continue reading