Brazil Issues Sweeping Ban Against Prediction Market Platforms
Brazil’s Finance Ministry cited investor protection concerns and rising gambling addiction as it blocked platforms like Polymarket and Kalshi.
ORIGINAL SOURCE →via Decrypt
ADVERTISEMENT
⚡ STAY AHEAD
Events like this, convergence-verified across 689 sources, land in your inbox every Sunday. Free.
GET THE SUNDAY BRIEFING →RELATED · BR
- [CONFLICT] Brazil blocks Kalshi, Polymarket in sweeping ban citing investor protections
- [CONFLICT] Brazil blocks Kalshi, Polymarket in sweeping ban citing investor protections - The Block
- [CONFLICT] Brazil blocks prediction platforms, tightens rules to curb 'bet-like' products
- [CONFLICT] Brazil Setting Higher Ethanol Blend to Stem Fuel Impact From War
- [CONFLICT] Brazil Moves to Ban Prediction Markets on Elections, Sports
- [CONFLICT] Exclusive-Advent-owned firm investigated in Brazil for alleged links to organized crime