Kalshi seeks to reverse Brazil’s block on prediction-market platforms

Brazil’s government blocked 27 prediction-market platforms in April, saying they operated as illegal betting sites. Kalshi co-founder Luana Lopes Lara said the company wants to explain its model and work with the government, rather than take legal action; she described the block as stemming from a lack of understanding of the sector. The government has said it does not plan additional rules for prediction markets.