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Brazil’s SPA monitors Kalshi prediction-market launch

Regulation

Brazil’s Secretariat of Prizes and Bets said it was monitoring Kalshi’s launch in the country, which the company announced earlier this month through a deal with XP International. The SPA also said no Brazilian companies were authorised to offer prediction markets; responsibility for regulating the products remains unsettled, according to the report.

Unresolved regulatory oversight leaves Kalshi and other potential providers without clarity on which Brazilian authority governs these markets.

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Regulation

Federal judge bars Kalshi sports contracts on suing California tribes’ lands

US District Judge Jacqueline Scott Corley granted a preliminary injunction in Blue Lake Rancheria v. Kalshi in California on Wednesday. The order bars Kalshi from offering sports contracts on the plaintiff tribes’ lands and requires the tribes to provide boundary maps by 13 November; Kalshi must report its compliance steps within 21 days.

A San Francisco federal judge has blocked Kalshi from listing sports event contracts on land belonging to the California tribes that are suing it. Judge Jacqueline Scott Corley, who sits in the Northern District of California, granted the tribes a preliminary injunction on Wednesday in the case Blue Lake Rancheria v. Kalshi.

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