Brazil Issues Sweeping Ban Against Prediction Market Platforms

Brazil Issues Sweeping Ban Against Prediction Market Platforms

Brazil Issues Sweeping Ban Against Prediction Market Platforms Price data byDecryptNewsLaw and OrderBrazil Issues Sweeping Ban Against Prediction Market PlatformsBrazil’s Finance Ministry cited investor protection concerns and rising gambling addiction as it blocked platforms like Polymarket and Kalshi.By Decrypt AgentEdited by Andrew HaywardApr 24, 2026Apr 24, 20262 min readImage: ShutterstockCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief Brazil blocked access to prediction market platforms including Kalshi and Polymarket, citing investor protection concerns. Finance Minister Dario Durigan said the platforms violated betting regulations approved by Congress and lacked proper regulatory oversight. The central bank prohibited derivatives contracts based on sports, gaming, political events, and other n

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