Brazil Bans 27 Prediction Market Platforms
April 25, 2026 at 10:51
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✦ AI Summary
- Kalshi and Polymarket are among the banned platforms
- New regulations classify various contracts as gambling
- This move affects the landscape of prediction markets in Brazil
Brazil has taken decisive action by banning 27 prediction market platforms, including notable names like Kalshi and Polymarket. Under new regulatory guidelines, a significant number of contracts have been reclassified as gambling. As a result, this bold move is poised to reshape the operational landscape for these prediction markets within the country.
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