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Brazil’s TSE prohibits election betting under digital-platform rules

Regulation

Brazil’s Superior Electoral Court (TSE) approved a resolution on 17 September 2024 prohibiting bets related to electoral processes, according to the report. The measure amends provisions of Resolution TSE 23.735/2024 and defines betting linked to candidates or election results as an electoral offence. The report says prediction-market platforms in Brazil may not offer election-related contracts.

Operators in Brazil must exclude election-related contracts because the reported rules define such betting as an electoral offence.

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Regulation

Arkansas sues Kalshi over alleged unlicensed gambling

Arkansas has sued Kalshi in Independence County Circuit Court, alleging that its event contracts amount to gambling offered to residents without a state licence. The complaint seeks consumer restitution, civil penalties, taxes and an injunction; the amounts have not been determined, and the allegations have not been assessed by a judge. Kalshi has not publicly responded to this complaint.

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