Brazilian prediction-market platforms face regulatory uncertainty
Brazilian companies are developing prediction-market platforms, but the sector has no specific legal framework, according to the report. It identifies Prévias, which is in a private beta and adapting to regulatory requirements, and blockchain-based Palpitada. The report says responsibility for oversight remains unclear among the CVM, Central Bank and Ministry of Finance.
Uncertainty over which authority supervises prediction markets complicates platform launches and regulatory engagement in Brazil.