Brazil blocks Kalshi, Polymarket in sweeping ban citing investor protections
The Block
Brazil has banned prediction markets like Kalshi and Polymarket, citing risks to investor protection and non-compliance with local derivatives trading regulations.Summary
The Brazilian central bank has issued a resolution prohibiting prediction markets and betting platforms, including Kalshi and Polymarket, from operating in the country. The government cited concerns over investor protection, market integrity, and compliance with derivative trading laws. Finance Minister Dario Durigan noted that this measure is part of a broader crackdown on approximately 28 platforms aimed at safeguarding citizens' savings amid rising online gambling activities.
(Source：The Block)