Brazil Blocks Polymarket and Kalshi in Betting Crackdown

Brazil has blocked access to prediction market platforms, including Polymarket and Kalshi, after regulators determined that event-based contracts fall outside the country’s legal betting framework. The enforcement action forms part of a wider campaign against unlicensed gambling, with authorities moving to restrict sites that allow users to wager on outcomes tied to elections, sports, entertainment, weather, economic developments and other real-world events. Officials said the platforms were offering illegal betting products and exposing consumers to financial risk. Finance Minister Dario Durigan […]

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