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CVM authorises B3 to develop professional prediction-market products

Licences & markets

Brazil’s CVM authorised B3 to advance binary, results-based products linked initially to the US dollar, Ibovespa and Bitcoin. The planned launch during 2026 would target professional investors, with access reportedly limited to people holding more than R$10m in financial assets and remaining outside the fixed-odds betting regime.

The approval introduces regulated results-based products in Brazil’s capital markets outside the country’s fixed-odds betting framework.

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Regulation

NCPG calls for consumer protections across gambling and prediction products

The National Council on Problem Gambling said entities offering gambling or functionally similar products should provide safeguards including self-exclusion, age verification and risk disclosures. Board president Derek Longmeier said users experience financial, emotional and relationship harms from prediction markets. Kalshi, whose membership in NCPG prompted criticism and withdrawals by other organisations, said it disagreed with NCPG’s assessment but welcomed dialogue.

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