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Brazil Issues Ban on Non-Financial Prediction Market Contracts

The measure, which would affect international prediction markets, like Polymarket and Kalshi in Brazil, is part of a battle against illegal gambling by President Lula’s Administration. According to a technical note, thes...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Brazil Issues Ban on Non-Financial Prediction Market Contracts
The measure, which would affect international prediction markets, like Polymarket and Kalshi in Brazil, is part of a battle against illegal gambling by President Lula’s Administration. According to a technical note, these platforms would reproduce fixed quota bets, which are already regulated. Key Takeaways: Brazil’s National Monetary Council banned non-financial prediction markets on April 24 […]

Why this matters

Kalshi is showing up inside the Prediction Markets theme, so this story is worth tracking for follow-through rather than treating it as a one-off headline.

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